A bank may lend money without security only if the loan is low risk.

Name: A bank may lend money without security only if the loan is low risk.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the loan is deemed low risk, a bank may consider lending money without requiring collateral as a form of security to protect themselves in case of non-payment. However, this decision ultimately depends on the bank's internal policies and procedures.

A Bank May Lend Money Without Security Only If the Loan