Answer:
a. subprime
Explanation:
The subprime lending market makes loans to consumers who have bankruptcies, no credit history, low-to-moderate incomes, or a poor credit history.
Basically, a subprime lending market refers to the provision of loans to individuals (consumers) that are more likely to have difficulty in maintaining the agreed upon repayment plan.
As a result of the high credit risk associated with subprime lending market, a subprime loan is typically characterized by low quality collateral, higher interest rates and other below par lending terms.
