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asked ago in Economics by (64.5k 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

1 Answer

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answered ago by (58.9k points)
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Best answer

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

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