Post Utme Ui 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Ui Commerce examination.

Post Utme Ui 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_UI • 2024 • COMMERCE • objective

A bank is considering a new loan product that would offer a variable interest rate tied to the prime lending rate. Which of the following is a potential risk associated with this loan product?

Answer Options

A. Increased competition among banks
B. Reduced credit risk for the bank
Correct Answer C. Increased credit risk for the bank
D. Decreased demand for the loan product
Correct Answer
C
Correct Option:
Increased credit risk for the bank

About This Question

This is Post Utme Ui 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.

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