Consider the following places where a loan may be obtained: banks, savings and loans, credit unions, and
Question:
Consider the following places where a loan may be obtained: banks, savings and loans, credit unions, and pawnshops. Write a report that includes the following information:
(a) Describe the ownership of each.
(b) Historically, what need is each fulfilling?
(c) What are the advantages and disadvantages of obtaining a loan from each of those places listed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Solution a Bank The bank is the owner of the property so it is a public entity The advantage is that one can get hisher property back in a short period of time The disadvantage is that interest you pa...View the full answer
Answered By
Aricayos Apple
I'm a highly professional tutor and academic freelancer , with over 5 years of experience. I became one of best tutors in Chegg tutoring community and Course Hero having high helpful rate. I love helping students understand Business courses related, as it is my passion to tutor and and help students understand these amazing subjects as attached in my skills. I am also an expert on the subject of history related subjects since at one point had handled these subjects. I also have a bachelor's degree in bachelors of science in Business Administration from City of Malabon University in Philippines. I am currently working on getting a master's degree in the field Business Administration from City of Malabon University. Meanwhile, you can learn how to solve complex problems consistently with me.
0 Reviews
10+ Question Solved
Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
