Q1001
Loans by finance companies, banks and credit unions is classified as
A.
consumer credit loans
AnswerB.
dollar bonds
C.
Eurodollar market deposits
D.
euro bonds
Answer: Option A
Solution
Answer: Option A
Solution:
Loans by finance companies, banks and credit unions is classified as consumer credit loans. Consumer credit is personal debt taken on to purchase goods and services. A credit card is one form of consumer credit.