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Which credit option carries the greatest loss if you are unable to recover it?



Answer: A $200 unregistered pre-paid card

Sagot :

The Financial Accounting Standards Board (FASB) issued the final

current expected credit loss (CECL) standard on June 16, 2016. The

new guidance particularly impacted community financial institutions

by modifying or replacing existing impairment models for financial

assets, such as trade receivables, loans, debt securities, and purchased

credit-deteriorated assets. This guide is meant to serve as a practical

and illustrative document to assist with implementation efforts.

So the answer is put it on my debt.

The credit option that would lead to you having the greatest loss if you don't recover it is A $200 unregistered pre-paid card.

Why would an unregistered prepaid card causes losses?

A prepaid card is one that you load money into before you use it. When this is unregistered, it means that certain details have not yet been provided.

Unregistered prepaid cards can cause losses because there are less protections by the issuer if it is stolen or lost. This is why it is important to register your cards when you acquire them.

Find out more on prepaid cards at https://brainly.com/question/1985056.

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