When an FI Sells a Loan Without Recourse, the Credit

question 82

True/False

When an FI sells a loan without recourse, the credit risk of the loan is completely eliminated from the FIs balance sheet.

---

Definitions:

Output

The final product or result that comes from a system, process, or activity.

Peripheral Nervous System

The part of the nervous system that lies outside the central nervous system, consisting of nerves and ganglia, and connects the CNS to limbs and organs.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Autonomic Nervous System

Part of the peripheral nervous system that controls involuntary bodily functions such as heart rate, digestion, and respiratory rate.