The lending or extension of credit to a single entity is limited to _____ of a bank's combined capital and reserves on an unsecured loan.

Question

Quizplus · Accepted Answer

The lending or extension of credit to a single entity is limited to 15.0% of a bank's combined capital and reserves on an unsecured loan, as per the general statutory or regulatory guidelines in many jurisdictions to manage risk and exposure.

The Lending or Extension of Credit to a Single Entity