NINJA loans refer to loans given to
A)a select few at the top of the economic hierarchy.
B)low income applicants who could prove they had a certain amount of money in savings and a steady income.
C)borrowers with no income, no job, and no assets.
D)middle class borrowers who previously could not qualify for a loan.
E)None of these are correct.

Question

NINJA loans refer to loans given to
A)a select few at the top of the economic hierarchy.
B)low income applicants who could prove they had a certain amount of money in savings and a steady income.
C)borrowers with no income, no job, and no assets.​
D)middle class borrowers who previously could not qualify for a loan.
E)None of these are correct.

Quizplus · Accepted Answer

NINJA loans refer to loans given to borrowers with no income, no job, and no assets.

NINJA Loans Refer to Loans Given to