0 votes
48 views
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

1 Answer

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

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

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.

Categories

...