Loans by finance companies, banks and credit unions is classified as___________?
Correct answer: A. Consumer credit loans
- A. Consumer credit loans
- B. Dollar bonds
- C. Eurodollar market deposits
- D. Euro bonds
Explanation
Consumer credit loans are borrowing arrangements used by individuals to purchase goods or services, commonly supplied by banks, credit unions and finance companies. Eurodollar deposits and Eurobonds belong to international financial markets.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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