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(10 marks) Briefly describe each of the following general credit risks pertaining to consumers that banks have to consider and provide examples for each of

(10 marks)

Briefly describe each of the following general credit risks pertaining to consumers that banks have to consider and provide examples for each of these risks:

a. The future income of a consumer. (3 marks)

b. Matching the needs of consumers with the right type of finance. (3 marks)

c. The effect of a borrowers age, death or disability on a loan. (4 marks)

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