banker requires financial information to assess whether: I. The borrower can repay the loan amount II. The borrower can pay the interest III. The borrower can
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Q A banker requires financial information to assess whether:
I. The borrower can repay the loan amount
II. The borrower can pay the interest
III. The borrower can repay only the principal
IV. The borrower can pay the instalments early than the stipulated time
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Solved in 2 steps
- 33 .The portion of the selling price paid by the customer at the time of purchase is called ________. a. Mortgage b. Amortization c. Down payment d. Installment loanQuestion 1 The actual amount that is given to the borrower is called the after the loan has been discounted.Does Loan Meet Written Loan Policy and How Would Loan Be Affected By Changing Laws and Regulations refers to …………………. of the 5Cs of lending policy. * a. character b. conditions c. collateral d. control
- #45 A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called: a bond. a compensating balance. a letter of credit. an assignment. factoring.At the maturity of a note payable, a borrower will pay ________. A. the interest amount only B. the principal plus interest C. the principal amount only D. the principal minus interestA contractual agreement in which the borrower receives something of value now and agrees to pay the lender in the future with an interest is called as. a. Credit b. Insurance c. Money d. Time
- Required Correct Option 1- The amount which borrower has to pay to lender for taking and using his amount on total amount accumulated is called as _____________. a. Real rate of interestb. Nominal interest ratec. Nominal risk free interest rated. Compound interestQUESTION 7 Which type of short-term loan is secured with Treasury bills as collateral? A. Federal funds B. Repurchase agreements C. Commercial paper D. Certificates of depositShort-term notes payable: O Can replace an account payable O Can be issued in return for money borrowed from a bank O Are negotiable O Are an unconditional promise to pay O All of the above DVO
- 6. Open account credit provides a debtor with a predetermined line of credit and a flexible payback period. Which of the following is an example of open account credit? i. Personal Loan ii. Overdraft i. Charge card iv. Education loan A. i and ii B. i,i and ii C. ii and ii D. i,ii,i and ivWhich of the following is an arrangement by which one party promises to pay a sum of money to policyholder as protection against an adverse or unfavorable occurrence of event? a. Short Term Loans b. Fixed Deposit c. Insurance d. Investmentq11 Which of the following is an arrangement by which one party promises to pay a sum of money to policyholder as protection against an adverse or unfavorable occurrence of event? a. Short Term Loans b. Fixed Deposit c. Insurance d. Investment q12 Insurance companies and brokerage houses are examples of which of the following. a. Financial instruments b. Financial institutions c. Medium of exchange d. Financial markets