Which of the following is a source of a less formalized loan?Finance companyPayday lenderFamily member or friendBank or credit union
Question
Which of the following is a source of a less formalized loan?Finance companyPayday lenderFamily member or friendBank or credit union
Solution
A family member or friend is a source of a less formalized loan.
Similar Questions
Which of these financial institutions is least like the others?Group of answer choicescommercial or private banksinvestment banksforeign bankscredit unionssavings and loans associations
Which of the following is not an informal source of credit?*1 point(a) Money-lender(b) Relatives and Friends(c) Commercial Banks(d) Traders
Which of the following is not a form of special financing?Select one:a.Merchant bankingb.Mutual Fundingc.Online Bankngd.Factoring
Which of the following is not a method of alternative funding?Peer-to-peer lendingAngel investingBank loanOnline lending
Select Any One Of the Following Options: Which of the following is an example of non-fund-based bank credit?letter of creditbill discountingcash creditworking capital demand loan
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.