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AAFM GLO_CWM_LVL_1 Exam - Topic 3 Question 62 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 62
Topic #: 3
[All GLO_CWM_LVL_1 Questions]

"A borrower defaults on a secured loan of Rs. 50,000. The underlying security is worth Rs. 60,000. Which of the following is true? "

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Suggested Answer: B

by Nu at May 29, 2023, 06:17 AM

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Tiera
4 months ago
B is wrong, the bank can sell the security if needed.
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Lisandra
4 months ago
Wait, can the bank really keep all Rs. 60,000? That seems off.
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Yuriko
5 months ago
I disagree, the bank can’t just keep everything.
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Latosha
5 months ago
A is correct! The borrower gets Rs. 10,000 back.
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Latrice
5 months ago
The loan was Rs. 50,000, security is Rs. 60,000.
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Tatum
5 months ago
I’m confused about whether the bank can sell the security if it’s worth more than the loan amount. I need to think this through.
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Melita
5 months ago
I feel like the bank can only keep what it lent out, so maybe option A is correct?
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Jennie
5 months ago
I think I saw a similar question where the bank had to return excess funds to the borrower, but I can't recall the exact details.
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Nu
5 months ago
I remember discussing how secured loans work, but I'm not sure if the bank can keep the entire value of the security.
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Micah
5 months ago
Okay, let's see. I think the key here is understanding how the management plane DCN connects to the network elements (NEs). I'll need to review my notes on that.
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Tasia
5 months ago
Hmm, the prompt mentions "complimenting parentheses" - I'm not sure exactly what that means, but I'll try to think through the options logically.
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Danilo
5 months ago
This seems straightforward. Based on the total cost concept, I'd say the correct answer is inventory carrying costs, since that's a major logistics expense to factor in when selecting a transportation mode.
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Lilli
5 months ago
This looks like a straightforward question about stationary points. I'm pretty confident I can identify the correct answer.
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Verda
5 months ago
This scenario kind of reminds me of a practice question where we talked about vehicle safety features. The added airbags could complicate things, but the driver's visibility being impacted seems more like a design risk than a product risk.
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Desiree
10 months ago
This question is making my head spin. I need to take a break and do some yoga to clear my mind before tackling the next one.
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Mignon
8 months ago
D) The excess of Rs. 10,000 has to be shared equally between the bank and the borrower.
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Thomasena
9 months ago
I think the bank can retain the entire Rs. 60,000.
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Loise
9 months ago
C) Bank can retain the entire Rs. 60,000
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Socorro
9 months ago
A) Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.
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Lamonica
10 months ago
Hold up, if the security is worth more than the loan, can the borrower just take the bank out for a fancy dinner with the extra cash? Asking for a friend.
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Leslee
9 months ago
C) Bank can retain the entire Rs. 60,000
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Amira
9 months ago
No, the bank can keep the extra amount from the security.
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Rashad
9 months ago
A) Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.
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Meaghan
11 months ago
I don't know, Option D sounds like the most equitable solution. The excess should be shared between the bank and the borrower.
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Lynda
9 months ago
I agree, Option D seems fair. Sharing the excess between the bank and the borrower makes sense.
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Adela
9 months ago
C) Bank can retain the entire Rs. 60,000
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Dustin
9 months ago
A) Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.
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Marylyn
11 months ago
But the loan amount is only Rs. 50,000, so the bank should be able to retain the entire Rs. 60,000.
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Annamae
11 months ago
I disagree, I believe the correct answer is C.
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Marylyn
11 months ago
I think the answer is A.
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Rickie
11 months ago
Wait, so the bank can just keep the entire security even though it's worth more than the loan? That seems a bit unfair to the borrower.
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Lanie
9 months ago
The excess of Rs. 10,000 has to be shared equally between the bank and the borrower.
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Harley
9 months ago
Wait, that doesn't seem fair to the borrower at all.
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Rikki
9 months ago
Bank can retain the entire Rs. 60,000
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Val
9 months ago
A) Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.
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Wilford
9 months ago
But shouldn't the borrower get back the excess amount if the security is worth more?
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Elfriede
9 months ago
It's to ensure the bank is fully compensated for the defaulted loan.
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Billy
9 months ago
C) Bank can retain the entire Rs. 60,000
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Lettie
10 months ago
Wait, the bank can only keep the amount of the loan? That doesn't seem fair to them.
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Vernell
10 months ago
A) Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.
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Levi
10 months ago
A) Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.
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Dolores
11 months ago
But the security is worth more than the loan amount, so the bank should be able to retain the entire Rs. 60,000.
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Cortney
11 months ago
Option C is the correct answer. The bank can retain the entire Rs. 60,000 since the borrower has defaulted on the loan.
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Alethea
11 months ago
I disagree, I believe the correct answer is C.
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Dolores
11 months ago
I think the answer is A.
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