Which of the Following Is the Most Common Source of Financing

question 125

Multiple Choice

Which of the following is the most common source of financing for personal loans?

• A) Family and friends
• B) Financial institutions
• C) Peer-to-peer lending
• D) Sales finance companies

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Definitions:

Database

A structured set of data held in a computer, especially one that is accessible in various ways.

Amortized

The process of gradually paying off a debt or spreading the cost of an intangible asset over its useful life for accounting and tax purposes.

Common Stock

A type of security that represents ownership in a corporation, giving holders the right to vote on corporate matters and receive dividends.