With Respect to Consumer Debt,which of the Following Is a Valid

question 18

Multiple Choice

With respect to consumer debt,which of the following is a valid criticism of the regulations currently affecting banks and other lending institutions in Canada?

• A) federal government intervention in the system of credit that hampers lenders' profit motive
• B) time required to shop around for better terms and less restrictive lending conditions
• C) ability to extract whatever promise of security is deemed necessary to protect a loan
• D) inability to limit lenders from extracting blanket personal guarantees for loans.