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Question

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

A
Only (A)
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B
Only (B)
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C
Only (C)
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D
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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