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Question
Customer loans are classified on a DI's balance sheet as
A. assets, because the DI's major asset is its client base.
B. liabilities, because the customer may default on the loan.
C. assets, because the DI earns servicing fees on the loan.
D. liabilities, because the DI must transfer funds to the borrower at the initiation of the loan.
E. assets, because DIs originate and monitor loan portfolios.
Answer
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Related questions
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