First National Bank has an employee benefit program whereby all bank employees who meet the bank's credit underwriting standards may obtain consumer loans for major purchases or expenses at a rate that is less than the bank's prime rate. Can the bank allow its executive officers to borrow under this program?
Executive officers can participate in the employee benefit program of the First National Bank, as long as the program is available to all employees of the bank. This ensures that the benefit is not exclusive to executives but is a uniform perk for all bank employees who meet the credit underwriting standards.
D is correct