Which of the following correctly describes what sub-prime lending is? [IOB 2008] (1) Lending to the people who cannot return the loans. (2) Lending to the people who are high- value customers of the banks. (3) Lending to those who are not a regular customer of a bank.

Which of the following correctly describes what sub-prime lending is?

1.	Which of the following correctly describes what sub-prime lending is? [IOB 2008] (1) Lending to the people who cannot return the loans. (2) Lending to the people who are high- value customers of the banks. (3) Lending to those who are not a regular customer of a bank.
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	All (1), (2) & (3)
Answer» D. All (1), (2) & (3)

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Which of the following correctly describes what sub-prime lending is? [IOB 2008] (1) Lending to the people who cannot return the loans. (2) Lending to the people who are high- value customers of the banks. (3) Lending to those who are not a regular customer of a bank.

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