Question

Tom is a loan officer that persuades Jerry to sign up for an exotic mortgage that turns out to be very expensive for him and probably not the best financial choice. This is an example of an action that:_____

Answer 1

Answer: is legal but ethically questionable

Explanation:

Th information given in the question is an example of an action that is legal but ethically questionable.

This is because exotic mortgage will be profitable for the mortgage firm and the loan officer will benefit from these but on the other hand, Jerry did not make the best financial decision as he may feel the impact of the decision in a negative way. Even though what Tom did is legal, ethically, it is wrong.