Identify the Correct Observation

Multiple Choice

Identify the correct observation.

A) Most loan sales are completed in less than 30 days.
B) Up to 50 percent of loan sales eventually fail to be completed at all.
C) There is no incentive to renege on a loan sales contract.
D) The tendency to renege on a loan sales contract decrease as market prices move away from those originally agreed.
E) Contractual problems, trading frictions, and costs rarely affect loan sales.