Q960
Markets dealing loans of autos, education, vacations and appliances are considered as
A.
consumer credit loans
AnswerB.
commercial markets
C.
residential markets
D.
mortgage markets
Answer: Option A
Solution
Answer: Option A
Solution:
Markets dealing loans of autos, education, vacations and appliances are considered 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.