To analyze the option best suited for the blank.
Explanation of Solution
A credit rating is a quantified measure of the financial health of the creditor in general terms or in relation to a specific debt or financial responsibility. Credit ratings can be given to any organization seeking to borrow money — a person, corporation, state or provincial authority, or a sovereign government.
The credit rating of a person who has declared bankruptcy would contrast sharply with the rating of a person with good credit.
Chapter 4 Solutions
Economics Today and Tomorrow, Student Edition
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