BFN405
Question: All in all, to the bank, first time borrowers are riskier than perpetual borrowers
Answer: TRUE
Question: Character lending, to all intent and purposes, is clean lending
Answer: Absolutely true
Question: It is best for a core commercial bank to lend term
Answer: Short
Question: Which of these is a self-liquidating loan?
Answer: all of the above
Question: Which of these will be paramount in your mind when accepting an asset as security for bank lending
Answer: Value of the asset
Question: Which of these will be paramount in your mind when accepting an asset as security for bank lending
Answer: Value of the asset
Question: To commercial bank per se, a loan repayable beyond a year is a loan
Answer: long term loan.
Question: A consumer loan is a loan to
Answer: an individual to finance personal expenses
Question: Excusing a borrower to suspend repayment of loan principal and or interest for the time being is called
Answer: moratorium
Question: Andrewson Ltd has just been accorded a N5.5m loan to purchase and ship 5000 metric tonnes of cashew nuts to Zamali stores in UAE is a
Answer: [D] produce financing
Whatsapp: 08039407882 for your Exam Summary I Online Tutorial I Projects Writeups I To become a Tutor
Follow on Twitter for your Free Past Questions I Free Exams Summary I Free Past Tma Questions
