A bank risk$-$classification scheme is used for which of the following:

Granting credit

Pricing decisions

Determine the terms of the loan $($i$.$e$.$ amount of collateral, covenants, etc.$)$

Determing borrower credit history

Question $8$Answer

a$.$

$1,2$ and $3$ only

b$.$

$1$ only

c$.$

$1,2,3$ and $4$

d$.$

$2$ only