Join Sarthaks eConnect Today - Largest Online Education Community!
0 votes
asked in Economics by (70.1k points)

'Sub Prime Lending' is a term applied to the loans made to ___ 

(1) those borrowers who do not have a good credit history.

(2) those who wish to take loan against the mortgage of tangible assets.

(3) those who have a good credit history and are known to bank since 10 years. 

(4) those borrowers who are most preferred customers of the Bank. 

(5) None of the above

Sarthaks Test For Class 7-12

1 Answer

+1 vote
answered by (69.8k points)
selected by
Best answer

(1) those borrowers who do not have a good credit history

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon