American_Bankers_Association
CTFA · Question #286
A firm that makes secured and unsecured personal loans to qualified individuals, also called a small loan company is called:
The correct answer is B. Consumer finance company. See the full explanation below for the reasoning.
Investment Management
Question
A firm that makes secured and unsecured personal loans to qualified individuals, also called a small loan company is called:
Options
- ACredit unions
- BConsumer finance company
- CSales finance company
- DCaptive finance company
How the community answered
(39 responses)- A3% (1)
- B82% (32)
- C10% (4)
- D5% (2)
Topics
#consumer finance company#personal loans#financial institutions#small loan company
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