Nick received a $50,000 bank loan in order to expand and remodel his restaurant. Which of the following was the banks most important consideration in giving him the loan? the total value of his current property, capital and other assets the type of food he serves and the prices he charges the reliability of the constructions company he hired to make the improvements a detailed estimate of how he plans to spend the money

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Nick received a $50,000 bank loan in order to expand and remodel his restaurant. Which of the following was the banks most
important consideration in giving him the loan?
the total value of his current property, capital and other assets
the type of food he serves and the prices he charges
the reliability of the constructions company he hired to make the improvements
a detailed estimate of how he plans to spend the money
Transcribed Image Text:Nick received a $50,000 bank loan in order to expand and remodel his restaurant. Which of the following was the banks most important consideration in giving him the loan? the total value of his current property, capital and other assets the type of food he serves and the prices he charges the reliability of the constructions company he hired to make the improvements a detailed estimate of how he plans to spend the money
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