American_Bankers_Association
CTFA · Question #317
CTFA Question #317: Real Exam Question with Answer & Explanation
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Question
Sometimes, as a condition of receiving an installment loan, a borrower is required to buy credit life insurance. From borrower's perspective, credit life insurance not a good deal because:
Options
- AIts very costly
- BIt does little more than give lenders a lucrative source of income
- CIt increases market interest charges
- DIt increases inflation
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