Multiple choice general knowledge

If Ninja is a form of subprime loan, what does it stand for?

  1. No Job, No Assets

  2. No Income, No Job

  3. No Income, No Job, No Assets

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NINJA is an acronym used in mortgage lending to describe high-risk borrowers with No Income, No Job, and No Assets. These subprime loans were prominent during the 2008 financial crisis because lenders extended credit without verifying borrowers' ability to repay. Option A is incomplete, and Option B misses the 'No Assets' component.

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