rosiefranco rosiefranco

01-12-2016
Business

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Sub-prime lending rates are 1) than prime lending rates and are for people with 2) credit.

a. 1) higher 2) poor
b. 2) higher 2) good
c. 1) lower 2) poor
d. 1) lower 2) good

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MissPhiladelphia MissPhiladelphia

05-12-2016

I think the correct answer from the choices listed above is option D. Sub-prime lending rates are higher than prime lending rates and are for people with good credit. A subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime rate loans. Hope this answers the question.

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