Question

How does the ability to get insurance make it easier for people to get loans?
A. Lenders have confidence that they will be compensated for a loss.
O B. Lenders have confidence that people will follow all laws related to
the terms of the loan.
IN
C. Borrowers have confidence that the money they are receiving was
legally earned.
D. Borrowers have confidence that lenders are in compliance with all
legal requirements.

Answer 1

The way the ability to get insurance makes it easier for people to get loans is B. Lenders have confidence that ... terms of the loan.

Getting insurance does not make it easier to get loans because:

• Lenders have the confidence of being compensated.
• Borrowers have the confidence that money is legally earned.
• Borrowers have the confidence that lenders comply with laws.

 

Thus, getting insurance enables lenders to have confidence that the borrowers follow laws.

 

Learn more about getting insurance and loans https://brainly.com/question/25855858 and https://brainly.com/question/5513334

Answer 2

Answer:

.

Explanation: