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 bankOnly (A) (2024)

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Only (C)

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Only (A)

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Only (B)

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Subprime lending meansgiving loans to peoplewho may have difficulty maintaining the repayment schedule, sometimesreflecting 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 bankOnly (A) (2024)
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