A Sub-Prime Loan Is a Loan Extended to Borrowers

question 173

Multiple Choice

A sub-prime loan is a loan extended to borrowers

• A) at a subsidized interest rate below the prime rate normally offered to the most creditworthy borrowers.
• B) with blemished credit or limited documentation of their income, employment history, and other indicators of credit worthiness.
• C) seeking a 30-year, fixed rate mortgage.
• D) who have a FICO score above 660.

---

Definitions:

Licensed Practical Nurses

Nurses who provide basic medical care under the direction of registered nurses and doctors, requiring a state license to practice.

Nursing Assistive Technicians

Healthcare professionals who support nurses in providing patient care, often with a focus on basic tasks and needs.

Decentralized Management

A management structure where decision-making is spread out to more local or lower levels within the organization, as opposed to being concentrated at a central command point.

Staff Nurses

Registered nurses who work primarily in hospitals or healthcare facilities providing direct care to patients.