Lesson 34 : Business and Consumer Loans

Slide 1

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Business and Consumer Loans

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3. Solve the LAS

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Business and Consumer Loans

1 / 8

Which of the following is not a required document if an employee is applying
for a consumer loan?

2 / 8

Which of the following statement about terms of payment for consumer
and business loans is correct?

3 / 8

Which of the following statement about the interest rate of consumer and
business loans is correct?

4 / 8

Which of the following is an example of a consumer loan?

5 / 8

Which of the following is an example of a business loan?

6 / 8

What term is given to a person who guarantees to pay for someone else’s financial obligation if the borrowers fail to do so?

7 / 8

What do you call the loan that is usually made to fund a company’s operating expenses and other financial needs?

8 / 8

What do you call the loan that intends to spend for personal, family or household purposes?

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