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Which of the following best defines the credit scoring model? 1-Computerized model designed to locate the best and worst financial borrowers in a particular region.
Which of the following best defines the credit scoring model?
1-Computerized model designed to locate the best and worst financial borrowers in a particular region.
2-Mathematical model that is used to establish whether the borrower will use the funds from a loan properly.
3-Calculated model used to predict how long it will take a borrower to pay back a loan.
4-Mathematical model used to establish a borrowers default risk.
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