NINJA Loans Refer to Loans Given to

Multiple Choice

NINJA loans refer to loans given to

A) a select few at the top of the economic hierarchy.
B) low income applicants who could prove they had a certain amount of money in savings and a steady income.
C) borrowers with no income, no job, and no assets.​
D) middle class borrowers who previously could not qualify for a loan.
E) None of these are correct.