Subprime loans are loans for people with blemished or limited credit h
QUESTION
Subprime loans are loans for people with blemished or limited credit histories, which carry a higher rate of interest than prime loans to compensate for increased credit risk.
Indicate whether the statement is true or false.
ANSWER
Answer: TRUE
Explanation: Subprime loans are loans for people with blemished or limited credit histories, which carry a higher rate of interest than prime loans to compensate for increased credit risk.
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