IASSC Exam ICYB Topic 7 Question 55 Discussion

Actual exam question for IASSC's ICYB exam

Question #: 55
Topic #: 7

[All ICYB Questions]

The following Business Case is constructed properly.

''During 2009 the commercial loan division experienced a 2.7% default rate versus a target of less than .5%. This costs the bank in excess of $250,000 quarterly.''

ATrue

BFalse

Show Suggested Answer

Suggested Answer: A

by Albina at Oct 22, 2023, 09:15 AM

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Vilma

1 months ago

False. That's a default rate that would make a payday lender blush. Time to tighten up those lending policies!

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Frank

2 days ago

B) False

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Doug

14 days ago

A) True

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Giovanna

2 months ago

True, but I wonder how the bank's loan officers are still employed after that kind of performance. Must be some pretty impressive expense accounts!

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Rosalyn

1 months ago

True, maybe they have connections or something.

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Jesus

1 months ago

I agree, it's surprising that the loan officers are still employed.

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Pearline

1 months ago

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Pearly

2 months ago

The quarterly cost of over $250,000 is a pretty big deal. I'm going with True on this one.

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Hubert

2 months ago

I disagree, the default rate is within an acceptable range.

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Lewis

2 months ago

Wait, a 2.7% default rate versus a target of less than 0.5%? That's way off the mark. Definitely False.

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Laurene

26 days ago

User 2: Definitely False

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Cory

1 months ago

User 1: False

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Susy

2 months ago

I agree with Golda, the default rate is way above the target.

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Pura

2 months ago

Hmm, this seems like a pretty straightforward case. The numbers and financial impact are clearly laid out. I'd say it's a True statement.

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Callie

1 months ago

User 3: True

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Teresita

2 months ago

User 2: True

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Edelmira

2 months ago

User 1: True

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Golda

2 months ago

I think the Business Case is constructed properly.

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