What is largest single item of expense on most loans

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Questions

1. What is one significant factor in a bank's ability to generate consumer loans through direct lending?

product offerings

dealer network

home equity line of credit terms

convenient location

2. Which of the following practices is prohibited by the Fair Debt Collection Practices Act?

calling a borrower at work

accelerating an installment debt

calling a borrower after 9:00 p.m.

suggesting the possibility of legal action

3. What is the sales process of matching bank product and service solutions to customer needs?

order-taking

consultative selling

credit counseling

loan structuring

4. What is the largest single item of expense on most loans?

acquisition cost

maintenance cost

loan loss cost

cost of funds

5. For the purpose of verifying in come, what kind of information source are W-2 forms, pay stubs, and tax returns?

direct

unacceptable

primary

indirect

6. "Generate 1,000 new loan applications during April, May, and June "is an example of what aspect of the marketing plan?

strategy

directive

promotion

objective

7. What type of value collateral is fine art?

Depreciating value collateral

fluctuating value collateral

stable value collateral

appreciating value collateral

Reference no: EM133305959

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