Subprime loans are loans for people with blemished or limited credit histories, which carry a higher rate of interest than prime loans to compensate for increased credit risk
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Subprime loans are loans for people with blemished or limited credit histories, which carry a higher rate of interest than prime loans to compensate for increased credit risk.
You might also like to view...
When a company develops a trademark the costs directly related to securing it should generally be capitalized. Which of the following costs associated with a trademark would not be allowed to be capitalized?
a. Attorney fees. b. Consulting fees. c. Research and development fees. d. Design costs.
Which term best refers to people’s reactions to being observed or studied resulting in superficial rather than meaningful changes in behavior?
A. esprit de corps B. division of labor C. Hawthorne effect D. subordination of individual interest to the general interest E. scientific management