问题如下：
Which of the following statements is most accurate regarding risks incurred by retail lenders?
选项：
A. Reputation risk is more of a concern
for the borrower rather than the lender.
B. Business risk relates to the
day-to-day operational risks of the business.
C. Credit risk relates to the potential for
a lender to default on their obligation.
D. Refinancing a mortgage when rates
decrease is an example of asset valuation risk.
解释：
D Refinancing a mortgage is considered a prepayment risk to the lender, which is a component of asset valuation risk. When rates decrease, borrowers are more likely to refinance their existing (higher rate) mortgage into a lower rate obligation. The lender then earns less in interest on the debt obligation than they would have previously. Reputation risk is primarily a concern for the lender. Business risk relates to strategic risks tied to new products and volume, while credit risk is the risk that the borrower (rather than the lender) will default.
能帮忙把题干翻译一下吗？我有点不能理解 是问的下列哪项是由借款人导致的？那为什么D是借款人导致的呢？
