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

Name: Historically credit card loans have 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 default rates compared to other types of loans, such as mortgages or auto loans, due to their unsecured nature and higher interest rates.

Historically Credit Card Loans Have Very Low Rates of Default