Reference no: EM133305959
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