Examveda
Examveda

Markets dealing loans of autos, education, vacations and appliances are considered as

A. consumer credit loans

B. commercial markets

C. residential markets

D. mortgage markets

Answer: Option A

Solution(By Examveda Team)

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.

This Question Belongs to Commerce >> Financial Management

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