Which of the Following Is Not True of a Loan

question 20

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.

Acknowledge the diverse definitions and schools of thought within personality theory.

Realize the crucial role culture plays in shaping personality and behavior.

Identify the impacts of individualism and collectivism on organizational behavior.

Understand the role of managerial awareness in addressing individual differences within the workplace.

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Definitions:

State Governments

The governing bodies of individual states within a federation, responsible for legislating and implementing state-specific laws and regulations.

Eminent Domain

The right of a government to expropriate private property for public use, with compensation to the owner.

Governmental Taking

The act by a government of seizing private property for public use, typically with compensation, under the right of eminent domain.

Private Property

Land or belongings owned by individuals or entities that are not the government, protected by law from unauthorized use or trespass.