Which of the following correctly describes what sub-prime lending is?
A. Lending to the people who cannot repay the loans
B. Lending to the people who are high-value customers of the banks.
C. Lending to those who are not a regular customer of a bank

Only (A)

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Only (B)

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Only (C)

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All (A), (B) and (C)

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Solution

The correct option is A Only (A)
Subprime lending means giving loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, medical emergencies, etc.

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Which of the following correctly describes what sub-prime lending is?A. Lending to the people who cannot repay the loansB. Lending to the people who are high-value customers of the banks.C. Lending to those who are not a regular customer of a bank

The correct option is A Only (A)Subprime lending means giving loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, medical emergencies, etc.

Which of the following correctly describes what sub-prime lending is?
A. Lending to the people who cannot repay the loans
B. Lending to the people who are high-value customers of the banks.
C. Lending to those who are not a regular customer of a bank

The correct option is A Only (A)
Subprime lending means giving loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, medical emergencies, etc.