All of the Following Are True of Peer-To-Peer Lending, Except

question 95

Multiple Choice

All of the following are true of peer-to-peer lending, except

• A) it involves online platforms.
• B) borrowers generally have high FICO scores.
• C) loans are available only for amounts less than $1,000.
• D) interest rates may be lower than at a financial institution.

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Definitions:

Customer Relationships

The ongoing process of engaging and maintaining ties with a company's customers.

Market Research

The method of collecting, analyzing, and understanding data regarding a market, which includes insights about prospective customers and competitors.

Human Needs

Fundamental requirements that are necessary for individuals to live a healthy and content life, such as food, shelter, love, and esteem.

Wants

Desires or wishes that are not necessary for basic survival but are sought after for personal satisfaction or to fulfill societal standards.