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A loan is classified as a subprime lending when - 1. Its borrower is a small business 2. It is lent at an interest rate

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A loan is classified as a subprime lending when - 1. Its borrower is a small business 2. It is lent at an interest rate below the bank's standard rate of interest 3. It is given to someone with a less than acceptable credit rating 4. When it is given for the purchase of prime real estate Which of the above atatements are true? 4 only 1 and 4 2 and 4 Only 3

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