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Which of the following correctly describes what sub-prime lending is?            [IOB 2008]

(1) Lending to the people who cannot return the loans.

(2) Lending to the people who are high- value customers of the banks.

(3) Lending to those who are not a regular customer of a bank.

A)  Only (1)

B)  Only (2)

C)  Only (3)

D)  All (1), (2) & (3)

E)  None of these