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I need an Urgent Answer 5.One of the following is not a Canon of good lending a.Over the counter payment b.Loan features...

I need an Urgent Answer

5.One of the following is not a Canon of good lending

a.Over the counter payment

b.Loan features

c.Retained profit

d.Letter of credit

6.One of the following is not an instrument or methods used for internal payment through the banking system within Nigeria

a.Certificate of deposit

b.Cashcard

c.Cheque

d.Creditcar

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Answer #1

Answer:

5:C.Retained Profit

As per Five C’s of Credit principle, Over the counter payment,Loan features & Letter of credit are considered as most effective Canon of good lending.

6:D.Credit Card

As per Central bank of Nigeria Payments System Guidelines, Certificate of deposit,Cashcard & Cheque are considered as Valid instrument for internal payment through the banking system within Nigeria.

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