When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best demonstrate her capital?

A. Copies of her will, power of attorney, and living will.
B. Copies of her mortgage, investment reports, and bank statements.
C. A letter of recommendation from a former employer.
D. A typed essay detailing what she has been through the past few years.

Question

21-07-2024
Business

Answered

When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best demonstrate her capital?

A. Copies of her will, power of attorney, and living will.
B. Copies of her mortgage, investment reports, and bank statements.
C. A letter of recommendation from a former employer.
D. A typed essay detailing what she has been through the past few years.

Answer :

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Final answer:

Showing copies of her mortgage, investment reports, and bank statements is the best way for Margot to demonstrate her capital when applying for a loan.

Explanation:

Copies of her mortgage, investment reports, and bank statements would best demonstrate Margot's capital when applying for a loan. These documents show her financial assets and investments, indicating her ability to repay the loan.

Answer :

Final answer:

Explanation:

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