Which of the Following Is NOT True of a Loan

question 1

Multiple Choice

Which of the following is NOT true of a loan that is sold without recourse?

• A)The loan is removed from the FI's balance sheet.
• B)The FI has no explicit liability if the loan eventually goes bad.
• C)The FI that originated the loan bears all the credit risk.
• D)The buyer can put the loan back to the selling FI.
• E)None of the options.

---

Definitions:

Multitasking

The act of performing multiple tasks simultaneously or switching rapidly between tasks, often leading to decreased efficiency and increased errors.

Standup Meetings

Short, often daily meetings where team members stand in order to keep the meeting brief, focusing on updates, progress checks, and identifying blockers.

Urgent Problems

Issues or situations that require immediate attention and action due to their critical nature.

Solve Small Issues

The act of addressing and rectifying minor problems or challenges before they escalate into larger concerns.