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THREE (25 MARKS) i. Examine three attributes of a good security for loan guarantee. [10 marks] ii. Should a bank always insist on having security

THREE (25 MARKS) i. Examine three attributes of a good security for loan guarantee. [10 marks] ii. Should a bank always insist on having security when lending to a customer? Explain your position. [6 marks] iii. In an attempt of bank officials to collect and recover some loans from defaulters. There are soo many procedures to follow. Explain any three (3) of the procedures. [9 marks]

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