New Lenders Take a Shine to Ignored Diamond Industry
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Business
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons banks are pulling out of the diamond lending business?
High profitability in the sector
Lack of transparency and non-conformance to accounting standards
Excessive government subsidies
Increased demand for diamonds
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of the new risk-mitigated framework?
Lending based on collateral
Lending based on market trends
Lending based on future profits
Lending based on cash flow
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the interest rate charged by the company compare to traditional banks?
It is the same as traditional banks
It varies depending on the client
It is higher than traditional banks
It is lower than traditional banks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What additional service does the company provide to its borrowers?
Interest-free loans
Free diamond appraisals
Assisted marketing solutions
Guaranteed buyback of diamonds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
From whom did the company raise $105 billion?
Private investors
Government grants
Specialty finance companies
Traditional banks
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