The Key Feature of a Loan Assignment Is That All

question 48

Multiple Choice

The key feature of a loan assignment is that all rights are:

• A)negotiated at the time of sale, meaning the loan buyer can opt to hold a direct claim on the borrower
• B)are transferred on sale, meaning the loan buyer now holds a direct claim on the borrower
• C)are not transferred on sale and can be sold later
• D)None of the listed options are correct.

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Definitions:

High-End

Products or services that are considered to be of the highest quality and often carry a premium price.

Comparative Advantage

The ability of a country to produce a specific good or service at a lower opportunity cost than a rival.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Rival Nation

A country that competes with another, often in economic, military, or technological aspects.