Question: What is collateral? Why can some assets not function as collateral? What is a FICO score? How is a FICO score interpreted? In what two

  1. What is collateral? Why can some assets not function as collateral?
  2. What is a FICO score? How is a FICO score interpreted?
  3. In what two ways can a bank examiner determine how a bank is performing?

One can evaluate a bank's performance by looking at its income statement (a flow concept) and

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