Which of the following is the most common source of financing for personal loans?
A) Family and friends
B) Financial institutions
C) Peer-to-peer lending
D) Sales finance companies
Answer: B
You might also like to view...
Which of these help employees deal with substance abuse (alcohol and drugs), gambling, money management, and health, family, and personal problems?
a. Employee Assistance Programs b. Equal Employment Opportunity Programs c. Employees Anonymous Programs d. Whistle-Blowing Programs
Tropicana Essentials Healthy Heart targets consumers who like orange juice and who also want extra vitamins but no sodium. Explain how Tropicana uses behavioral segmentation in this example
What will be an ideal response?
Which one of the following is a correct basic structure of the cash flow statement?
A) Cash flows provided (used) by operating activities + / - cash flows provided (used) by business activities + / - cash flows provided (used) by financing activities = net increase (decrease) in cash B) Cash flows provided (used) by operating activities + / - cash flows provided (used) by investing activities + / - cash flows provided (used) by business activities = net increase (decrease) in cash C) Cash flows provided (used) by operating activities + / - cash flows provided (used) by financing activities + / - net change in working capital = net increase (decrease) in cash D) Cash flows provided (used) by operating activities + / - cash flows provided (used) by investing activities + / - cash flows provided (used) by financing activities = net increase (decrease) in cash
The two primary advantages of a 15-year mortgage over a 30-year mortgage are
A) lower payments and prepayment privileges. B) lower interest rate and lesser interest charges over the life of the loan. C) greater financial flexibility and no prepayment penalties. D) easier qualification criteria and more affordable initially. E) none of the above.