7-17 Historically credit card loans have had very low rates of default or credit risk when compared to other assets that an FI may hold.

Name: 7-17 Historically credit card loans have had very low rates of default or credit risk when compared to other assets that an FI may hold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Credit card loans typically have higher rates of default or credit risk compared to other assets like mortgages or auto loans, due to their unsecured nature and higher interest rates.

7-17 Historically Credit Card Loans Have Had Very Low Rates