24. Expert systems are procedures for analysing loan proposals that are largely based on the skill of the credit analyst. They are normally do not applied using acronyms such as the 5 Cs or PARSER. * 1 point A True B False 25. Discriminant analysis seeks to distinguish between three populations using a set number of characteristics. * 1 point A True B False 26. Consumer lending or credit refers to the loans required by individuals or households to meet personal needs such as travel or the purchase of furniture, household appliances, motor vehicles, boats or homes. * 1 point A True B False 27. The basis of market-based premiums is that the probability of repayment or default risk of a loan can be determined from the term structure of credit risk. * 1 point A True B False 28. Consumer loan include personal loan to buy furniture, home appliances, car and boats. * 1 point A True B False 29. Ratio analysis is an arithmetical relationship between two figures. * 1 point A True B False 30. The quick ratio is also called the acid test ration. * 1 point A True B False