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Question 343 - CTFA discussion

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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:

A.
Its very costly
Answers
A.
Its very costly
B.
It does little more than give lenders a lucrative source of income
Answers
B.
It does little more than give lenders a lucrative source of income
C.
It increases market interest charges
Answers
C.
It increases market interest charges
D.
It increases inflation
Answers
D.
It increases inflation
Suggested answer: A, B
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asked 16/09/2024
S Muchobor
37 questions
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