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:

Price

The monetary value assigned to the acquisition of a service or good.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive.

Equilibrium

A state of balance in a market or economy where supply equals demand, with no external influences causing disruption.