a. 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:

1. Matching the needs of consumers with the right type of finance. (1 mark)
2. Future income. (1 mark)

b. Briefly describe each of the following specific credit risks pertaining to trusts that banks have to consider and provide examples for each of these risks:

1. Surety by trusts. (1 mark)
2. Liability. (1 mark)
3. Nature of the liability. (1 mark)