stephen is considering a loan application. he needs to know the approximate value of the applicants bank and…

stephen is considering a loan application. he needs to know the approximate value of the applicants bank and retirement accounts. what should stephen do to get the most accurate information?\na) ask the applicant for the current balance of each account\nb) request the most recent monthly statement for each account\nc) request the applicants most recent pay stub and estimate how much can be saved each pay period\nd) average the balances reported on the applicants past loan applications

stephen is considering a loan application. he needs to know the approximate value of the applicants bank and retirement accounts. what should stephen do to get the most accurate information?\na) ask the applicant for the current balance of each account\nb) request the most recent monthly statement for each account\nc) request the applicants most recent pay stub and estimate how much can be saved each pay period\nd) average the balances reported on the applicants past loan applications

Answer

Brief Explanations:

Recent monthly statements provide the most up - to - date and accurate information about account balances compared to other options. Asking for current balance may not be as reliable as seeing the statement, pay stubs don't show account balances accurately, and averaging past loan application balances is not current.

Answer:

B. Request the most recent monthly statement for each account