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American Bankers Association Exam CRCM Topic 9 Question 108 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 108
Topic #: 9

[All CRCM Questions]

Bob Richardson has had three loan applicants this morning:

* Heather Smith, age 17, who needs a car loan for $9,500 for 3 years

* John Bako, age 42, who would like a stock loan for $15,000 for 1 year

* Maynard Williams, age 70, recently retired, who needs a $50,000 home improvement loan for 12 years Bob's bank uses a judgmental credit evaluation system. For which of these applications is Bob able to consider the age of the applicant as a factor in the decision making process?

AAll of them

BNone of them

COnly Mr. Williams

DMr. Williams and Ms. Smith

Show Suggested Answer

Suggested Answer: D

by Elbert at Mar 08, 2025, 08:50 PM

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Ryan

3 months ago

I heard Bob's bank has a special 'mid-life crisis' loan for the John Bakos of the world. Better approve that stock loan quick, John!

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Jeannetta

2 months ago

I hope Bob approves my loan application soon!

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Rikki

2 months ago

C) Only Mr. Williams

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Shaniqua

2 months ago

A) All of them

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Na

3 months ago

Age as a factor? I guess Bob's bank thinks 'the older, the wiser' when it comes to home improvement loans. C is the answer.

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Alisha

3 months ago

Hmm, a stock loan for $15,000? John Bako must be feeling pretty lucky. Anyway, the answer is C, only Mr. Williams.

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Alyce

3 months ago

Wait, a 17-year-old getting a car loan? That's like giving a toddler the keys to a Ferrari. But I digress, the correct answer is C.

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Walker

1 months ago

That makes sense, since he is older and recently retired.

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Ruby

1 months ago

I think the correct answer is C, only Mr. Williams' age can be considered in the decision making process.

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Leota

2 months ago

Yeah, it does seem a bit young to be taking on that kind of financial responsibility.

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Jamal

2 months ago

I agree, giving a 17-year-old a car loan seems risky.

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Daryl

3 months ago

I think the answer is C. Only Mr. Williams, since he's retired and age may be a factor in the home improvement loan decision.

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Vi

2 months ago

C) Only Mr. Williams

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Zana

2 months ago

B) None of them

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Van

2 months ago

A) All of them

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Melodie

3 months ago

But what about Ms. Smith's car loan? Shouldn't age be a factor for her too?

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Farrah

3 months ago

I agree with Floyd, because for long-term loans like home improvement, age can be a factor in the decision.

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Floyd

3 months ago

I think Bob can consider the age of Mr. Williams for the home improvement loan.

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