Question
Which of the following statements is GENERALLY TRUE about lending to medical professionals? Select all that apply. Review Later A) Most medical professionals retain a
Which of the following statements is GENERALLY TRUE about lending to medical professionals? Select all that apply.
Review Later A) Most medical professionals retain a significant portion of earnings in their professional/medical corporations.
B) Often, these borrowers will bring their personal banking to the same institution as their commercial borrowing, resulting in the potential for higher lifetime customer value.
C) Lending to medical professionals is no different than lending to other types of business operations, like manufacturing or transportation companies.
D) Medical professionals tend to have weaker financial acumen than many other business owners; a byproduct of their professional training and a lack of time to dedicate to understanding finance concepts.
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