Question: 8. (LO 9.6) If a potential borrower has a high amount of debt relative to income, is it more likely or less likely that a

8. (LO 9.6) If a potential borrower has a high amount of debt relative to income, is it more likely or less likely that a loan will be granted to that borrower? Explain.

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If a potential borrower has a high amount of debt relative to income, is it more likely or less likely that a loan will be granted to that borrower? Explain.

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