ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Commercial Loan
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Consumer Loan
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Mortgage Loan
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Short-Length Loan
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Detailed explanation-1: -Lenders offer two types of consumer loans – secured and unsecured – that are based on the amount of risk both parties are willing to take. Secured loans mean the borrower has put up collateral to back the promise that the loan will be repaid. The borrower risks losing that collateral if he/she defaults on the loan.
Detailed explanation-2: -Credit Cards: This is the most widely used and popular consumer loan.
Detailed explanation-3: -The most common examples of consumer loans are personal loans, auto loans, and home loans.
Detailed explanation-4: -Wells Fargo commercial truck loan. U.S. Bank truck loan. Bank of America commercial truck loans. Balboa Capital. First Capital Business Finance. CAG Truck Capital. Commercial Fleet Financing. More items •10-Jan-2023