Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Select the term associated with the source of consumer loans that corresponds to each of the given descriptions. (Note: These are not complete definitions, but

image text in transcribed

Select the term associated with the source of consumer loans that corresponds to each of the given descriptions. (Note: These are not complete definitions, but there is only one possible answer for each description) Term Description These institutions generally offer higher interest rates than many other types of institutions because the vendor of the item being financed arranges the financing and must be paid for that service These institutions are not high volume consumer loan lenders Using these institutions is essentially borrowing from oneself These institutions are known as small loan companies with most loans for $5,000 or less. Loans from these institutions are in high demand but given only to those who are good credit risks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Nonprofit Human Service Organizations

Authors: Raymond Sanchez Mayers

2nd Edition

0398075131, 9780398075132

More Books

Students also viewed these Finance questions

Question

=+a) Explain what statistically significant means in this context.

Answered: 1 week ago