Personal Finance, 6e (Madura) Chapter 9 Personal Loans

Personal Finance, 6e (Madura) Chapter 9 Personal Loans 9.1 Background on Personal Loans 1) A personal loan is different from a credit card in that it is normally used to finance one large purchase. Answer: TRUE Diff: 1 Question Status: Previous edition 2) The most common source of financing for a personal loan is from a financial institution. ................
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