Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Little Apple State Bank wants to protect itself from credit risk by making large loans to corporate customers, by making residential mortgages to families,
The Little Apple State Bank wants to protect itself from credit risk by making large loans to corporate customers, by making residential mortgages to families, by making agriculture loans to farmers and ranchers in the area, by making small business loans to business along main street and by making automobile loans for the car dealership across the street from the bank. What defense against risk is this bank making?
A
Quality management
B
All of the other responses are correct
C
Portfolio diversification
D
Geographic diversification
E
Increasing owners capital
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