BFN405 Tma Solutions

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

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