In order to manage the credit risk, a bank regularly rates each of its borrowers as A1 or A2 or A3, based on their credit history. A1 implies lowest risk and A3 implies highest risk. Risk means the chance that a borrower might fail to pay back the loan amount. Based on historical data, on an average, 30% customers are rated A1 60% are rated A2 and 10% are rated A3. It was found that 1% of the customers who were rated A1, 10% of the customers who were rated A2, and 18% of the customers who were rated A3, eventually become defaulters (failed to payback). (Question) If you randomly pickup on customers from defaulter’s pool, what is the probability that he had received on A1 rating?

Answer: this depends on the amount required to pay off the individual's card as well as how large the minimum payments are.if the amount is significantly large and the minimum payments are significantly small, then it will take a longer time to pay off the credit card.if the amount is significantly small and the minimum payments are significantly large, then it will take less time to pay off the credit card.hence, it would be difficult to answer true or false to this statment.however, for the purpose of this statement, it is most likely assumed that regardless of the amount to pay off the credit card the minimum payments would be quite large.therefore, the better option would be to pick 'true' as your answer.hope this ! : )have a lovely day! < 3

Google 'climate change' and it will bring up tons of info and websites. its up to you which website you choose.

Through the process of sedimentation,sediment is turned back to rock to form sedimentation.the process of sedimentation is: > deposition-where fragments were deposited into the river or sea under gravity or travelling agent such as wind or water. > sedimentation-the fragments deposited in the river sedimented and accumulate> compaction-the layers of fragments deposited undergoes compaction due to the weight if the upper layers> cementation-chemical substance of the fragments such as cement dissolved into the water and cement the other fragments together to form sedimentary rock.thus,cementation and compaction are the process.on the other hand, transformation only occur when a rock under goes metamorphism(compaction or extreme heat).while recrystillization occurs when a rock is melted and cooled down,which also requires metamorphism to take place.hope it !