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Retail Banking Industry And Processes MCQs

Why do banks charge higher interest rates from customers with poorer credit?

As a moral penalty

To create a disparity between the rich and the poor

Due to risk based pricing policy i.e. charging a higher rate from customers more likely to default

To dissuade poor credit customers from banking

Answer

Correct Answer: Due to risk based pricing policy i.e. charging a higher rate from customers more likely to default

Explanation:

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