ACI
3I0-012 · Question #488
In the deposit broker market, which one of the following is not a valid reason for the proposed borrower to decline the lenders name?
The correct answer is C. If he secures a better rate elsewhere. See the full explanation below for the reasoning.
Question
In the deposit broker market, which one of the following is not a valid reason for the proposed borrower to decline the lenders name?
Options
- AIn the case of short date deposits, if the borrower is not prepared to repay the deposit prior to notice
- BThe borrower has no lending line for the placer of the funds and does not wish to be embarrassed by
- CIf he secures a better rate elsewhere.
- DThe borrower would be in breach of internal or regulatory depositor concentration limitations.
How the community answered
(52 responses)- A6% (3)
- B4% (2)
- C79% (41)
- D12% (6)
Community Discussion
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