Developing and maintaining long-term customer relationships help to reduce banks' costs of screening and monitoring borrowers.

Name: Developing and maintaining long-term customer relationships help to reduce banks' costs of screening and monitoring borrowers.
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Developing and maintaining long-term customer relationships allow banks to have a better understanding of the borrower's creditworthiness, which reduces the costs associated with screening and monitoring borrowers.

Developing and Maintaining Long-Term Customer Relationships Help to Reduce Banks