Markets dealing loans of autos, education, vacations and appliances are considered as__________?
Correct answer: A. Consumer credit loans
- A. Consumer credit loans
- B. Commercial markets
- C. Residential markets
- D. Mortgage markets
Explanation
Loans for automobiles, education, vacations and appliances finance personal consumption, so they fall under consumer credit loans. Commercial and mortgage markets serve business or property-financing needs instead.
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