Question

Which action would a bank most likely take when deciding whether a person
should be approved for a loan?

A. Forcing the person to shut down all other bank accounts

B. Checking bank statements to see how much money the person
has saved

C. Investigating the person's grades in high school and college

D. Requiring the person to take a written test about financial
concepts

Answer 1

Answer: checking bank statements to see how much money the person saved

Answer 2

Checking bank statements to see how much money the person has hold on is the  activity would a bank most likely take when settling whether a person should be sanctioned for a loan.

How are loans sanctioned?

The financial institution will examine the application after receiving all of the relevant information and papers. Complete information is examined, from the current residence address to the CIBIL score.

The loan amount is sanctioned once the bank has verified all of the details.

Thus, option B is correct.

For more details about loans sanctioned, click here:

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