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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.''

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Suggested Answer: A

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

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Vilma
3 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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Mammie
1 months ago
B) False
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Gilma
2 months ago
Agreed, that default rate is way too high.
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Frank
2 months ago
B) False
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Doug
2 months ago
A) True
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Giovanna
3 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
3 months ago
True, maybe they have connections or something.
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Jesus
3 months ago
I agree, it's surprising that the loan officers are still employed.
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Pearline
3 months ago
A
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Pearly
3 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
4 months ago
I disagree, the default rate is within an acceptable range.
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Lewis
4 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
3 months ago
User 2: Definitely False
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Cory
3 months ago
User 1: False
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Susy
4 months ago
I agree with Golda, the default rate is way above the target.
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Pura
4 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
3 months ago
User 3: True
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Teresita
3 months ago
User 2: True
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Edelmira
3 months ago
User 1: True
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Golda
4 months ago
I think the Business Case is constructed properly.
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