"Oh by the way, the loan contract will require that your company maintain a checking account at this bank with a minimum balance of $7,000 or be subject to a 2 percent upward adjustment in the interest rate while the balance is below the minimum," said the banker just as the entrepreneur thought the start-up loan for her new business venture was settled. The banker is practicing:
A)intimidation.
B)browbeating.
C)face saving.
D)good guy―bad guy.
E)lowballing.

Question

Quizplus · Accepted Answer

The banker is practicing lowballing, which involves initially offering favorable terms and then adding additional conditions or costs after the agreement seems settled.

"Oh by the Way, the Loan Contract Will Require That