Which of the following statements (is) are TRUE about credit evaluation? 1. In terms of down payment, it follows that the higher the down payment, the higher will be the risk. II. The longer the term...

Extracted text: Which of the following statements (is) are TRUE about credit evaluation? 1. In terms of down payment, it follows that the higher the down payment, the higher will be the risk. II. The longer the term for the repayment period the more risky the transaction becomes especially if the unit is exposed to heavy depreciation like taxi or logging transportation III. In terms of the model in the sale of cars and trucks, there is a risk of product obsolescence. IV. The size of income is less important than the amount of money uncommitted to existing bills. O II and IV only OI, Il and II only O Il and IV only O l and II only O II, III and IV only