Welcome to your interview.
The question is on your right: Credit Default Net Loss. Take a moment with it first.
Talk your thinking through with me if you like - when you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes). Discussion and graded submissions share your five interviewer interactions, so spend them well.
You're reviewing a basic credit loss example for a lending business. The goal is to translate a defaulted balance and expected collections into the business impact.
If a customer defaults on a $5,000 credit balance, and our average recovery rate through collections is 20%, what is the net loss to the business?