👤
Answered

when a concentration of credit risk must be disclosed and the exact amount is uncertain, which one of the following amounts must be disclosed? minimum amount at risk. current period average amount at risk. historic average amount at risk. maximum amount at risk.

Answer :

When a concentration of credit risk must be disclosed and the exact amount is uncertain, maximum amount of risk must be disclosed.

Correct answer is d)

What do you meant by concentration of credit risk ?

Concentration risk is accepted in some industries as the potential loss from being heavily reliant on a single vendor, geographic area, or investment portfolio.

Lenders have been concerned about concentration risk for years due to concerns about over-lending to a single borrower or within a single industry. The less diversified a lender's loan portfolio is, the higher the concentration risk.

To learn more about concentration of credit risk here:

https://brainly.com/question/17282946

#SPJ4

Go Teaching: Other Questions