Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 13, 2024

Sound banking practices require that certain types of loans be backed by collateral. What is collateral? Critically explain THREE (3) characteristics of good collateral. Please

Sound banking practices require that certain types of loans be backed by collateral. What is collateral? Critically explain THREE (3) characteristics of good collateral.

Please explain more forone each characteristics

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Mathematics For Economic Analysis

Authors: Knut Sydsaeter, Peter Hammond, Arne Strom

4th Edition

0273760688, 9780273760689

More Books

Students also viewed these Finance questions

Question

★★★★★

A company needs to manage a project which consists of the following set of activities. a. Draw an AON network. b. Determine Earliest Start time (ES), Earliest Finish time (EF), Latest Start time...

Answered: 1 week ago

Question

★★★★★

Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the interest earned column and by calculating the difference between the final balance in the fund and...

Answered: 1 week ago

Question

★★★★★

For the variable chest circumference (Chest) in the Body Fat data set, (a) estimate the standard deviation of Chest. (b) bootstrap the approximate standard error of the standard deviation of Chest....

Answered: 1 week ago

Question

★★★★★

On March 1, Jordan Company borrows $90,000 from Ottawa State Bank by signing a 6-month, 8%, interest-bearing note. Instructions Prepare the necessary entries below associated with the note payable on...

Answered: 1 week ago

Question

★★★★★

Corporate managers work for the owners of the corporation. Consequently, they should make decisions that are in the interests of the owners, rather than in their own interests. What strategies are...

Answered: 1 week ago

Question

★★★★★

Raven Company has a target of $70.000 pre-tax income. The contribution marginatio is 30% What amount of dollar soles must be achieved to reach the goal of costs are $35.0007 Me Choice 522333 $36.000...

Answered: 1 week ago

Question

★★★★★

Read the following passage: "Mary had been asking her neighbor to repair the fence on his goat pen all summer, but he'd only laughed at her and insisted the animals could not get out. So she was...

Answered: 1 week ago

Question

★★★★★

A machine costing $209,000 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce...

Answered: 1 week ago

Question

★★★★★

Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for qua of ourpol AC B C AC1 AC2 F If this MNC is destroying value by undertaking negative NPV project,...

Answered: 1 week ago

Question

★★★★★

The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Sales Current assets 20,200 Costs 13,900 Fixed assets $ 11,960 Debt 31,950 Equity $ 16,480...

Answered: 1 week ago

Question

★★★★★

The ledger of Sunland Company contains the following balances: Owner s Capital $ 2 8 , 9 0 0 , Owner s Drawings $ 2 , 1 0 0 , Service Revenue $ 5 1 , 0 0 0 , Salaries and Wages Expense $ 2 6 , 4 0...

Answered: 1 week ago

Question

★★★★★

1. Within the walls of a sterile prison Vickie Stringer began changing her life. Describe what mental processes were available to her in this environment.

Answered: 1 week ago

Question

★★★★★

Understand the conditions organizations can create that will help workers increase their self-esteem.

Answered: 1 week ago

Question

★★★★★

Identify ways to increase your selfesteem.

Answered: 1 week ago

Previous Question Next Question