Banking and the management of financial institutions

Question

Why is being nosy a desirable trait for a banker?

Answer

For a banker to be able to minimize an unfavorable choice, they must be able to sort between bad credit risks by learning as much as possible about the potential borrower. In the same way, to reduce the moral liability, they must monitor borrowers constantly to make sure that the borrowers are complying with the loan restrictions.

Category:	Economics
Offered Price:	$0.50
Due Date:	6 January 2019, 20:01
Added:	6 January 2019, 07:47

Price:	0.50
Added:	6 January 2019, 21:39
Words:	56 words
Buyers:	No Buyers Yet

Banking and the management of financial institutions

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