Which of the Following Is True of Loans Made on the Internet

question 3

Multiple Choice

Which of the following is true of loans made on the Internet?

• A) They are always higher cost mortgage loans
• B) There is no opportunity for sham operators to take advantage of consumers
• C) A user must travel to find an Internet outlet
• D) A seeker of a loan can maintain limited anonymity while asking for information

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Definitions:

Bootstrapping

A self-funding approach where entrepreneurs start and grow their businesses using personal finances or the operating revenues of the new company.

Random Activities

Activities that occur without a definite aim, reason, or pattern.

Short-term Relationship

A relationship expected or designed to last for only a limited period of time.

Consultant

A professional who provides expert advice in a particular area.