Free Banking CRCM Exam Braindumps (page: 55)

Government credit

  1. It is credit extended to governments or government agencies, instrumentalities, or subdivisions
  2. It has no finance charge
  3. It has Records retention requirements
  4. Only the general rule against discrimination applies to government credit

Answer(s): A,D



Government credit

  1. It is credit extended to governments or government agencies, instrumentalities, or subdivisions
  2. It has no finance charge
  3. It has Records retention requirements
  4. Only the general rule against discrimination applies to government credit

Answer(s): A,D



Government credit

  1. It is credit extended to governments or government agencies, instrumentalities, or subdivisions
  2. It has no finance charge
  3. It has Records retention requirements
  4. Only the general rule against discrimination applies to government credit

Answer(s): A,D



An oral or written request for credit made in accordance with the creditor's procedures for the type of credit requested. Information entered into and retained by a computer system qualifies as a written application. It is called:

  1. Credit Application
  2. Credit completed application
  3. Initial credit approach
  4. None of these

Answer(s): A



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