BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which one is NOT one of the 3 C’s of Credit
A
Character
B
Caution
C
Capacity
D
Capital
Explanation: 

Detailed explanation-1: -Character, Capacity and Capital.

Detailed explanation-2: -Detailed Solution. The correct answer is savings. In terms of credit, apart from the rate of interest, collateral also includes documentation, mode of repayment.

Detailed explanation-3: -The five Cs of credit are character, capacity, capital, collateral, and conditions.

There is 1 question to complete.