Question
1--- What is the difference between debt rescheduling and debt repudiation? A) Debt repudiation refers to a situation of outright cancelation of all current and
1--- What is the difference between debt rescheduling and debt repudiation?
A) Debt repudiation refers to a situation of outright cancelation of all current and futures debt obligations of a borrower.
B)Debt rescheduling refers to cancelation of interest only.
C) Sovereign risk
D) They are the same in monetary significance to the FI lender.
E) None of the above
2---- Which of the following is false?
A) Digital currencies cant be fabricated or reversed arbitrarily by the sender, like they can be with credit card chargebacks.
B) P2P platforms usually deal in unsecured personal loans which can be used for virtually anything.
C) Digital currency has no intrinsic value.
D) The P2P platform reviews lenders and borrowers and provides verification of credentials, they keep personal information confidential, but each party knows the identity of the other.
E) All the above are true
3--- Which of the following is false?
A) The Small Business Administration (SBA) is a government agency designed to help small business owners.
B) SBA does not directly lend money, instead it helps partner business owners with other lenders in order to have more secure funding.
C) SBA loans are not guaranteed.
D) Some microfinance institutions have turned into predatory loan sharks.
E) All the above are true
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