One Reason Suggesting That Banks May Be Better Than Individuals

question 17

Multiple Choice

One reason suggesting that banks may be better than individuals at matching lenders to borrowers is that banks:

• A) can shift loan risk to their deposit customers.
• B) are motivated by the potential for profit.
• C) do not have any income tax liability.
• D) have information to evaluate creditworthiness.

Understand the concept of planned and unplanned change.

Recognize the role and impact of internal and external change agents.

Understand strategies for managing resistance to change.

Gain knowledge of the processes involved in organizational diagnosis.

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Definitions:

Bank Service Charge

Fees charged by a bank for the maintenance of an account and for providing various banking services.

Note Receivable

A financial asset representing a written promise for the repayment of a loan or debt within a specific timeframe.

Note Payable

A written promise to pay a specified amount of money, usually including interest, at a future date.

Bank Statement

A summary of financial transactions that occurred over a period of time on a bank account held by a person or business with a financial institution.