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2 cards from this section. Quick, good the night before a test.
What does P2P in P2P lending stand for?
Think about the phrase describing the relationship between lenders and borrowers.
True or False: In P2P lending, banks play a direct role in the transaction.
Consider who facilitates the borrowing process in P2P lending.
What type of loans does P2P lending typically involve?
Think about the common type of loan people seek in P2P scenarios.
In P2P lending, risk-based interest rates are determined by which of the following?
Remember how algorithms assess the borrower.
A new P2P lending platform wishes to attract both lenders and borrowers. Design a strategy that addresses how it will assess the risk of borrowers and communicate this to potential lenders.
Consider how existing platforms handle risk assessment and what systems they have in place.
Explore the ethical considerations surrounding P2P lending. What responsibilities do platforms have toward borrowers and lenders?
Think about the duties these platforms have to both sides of the transaction.
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