An asset, including a leased asset, becomes non-performing when: – McqOptions

MCQOPTIONS

1.	An asset, including a leased asset, becomes non-performing when:
A.	It ceases to generate income for the bank
B.	A performance Guarantee issued by the bank on behalf of the borrower is invoked
C.	It is rendered useless due to wear and tear or its becoming obsolete
D.	The borrower dies5)None of the above
Answer» B. A performance Guarantee issued by the bank on behalf of the borrower is invoked

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