Personal Finance, 4e (Madura)

Chapter 9 Personal Loans. 9.1 Background on Personal Loans. True or False. 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 Page Ref: 225. Question Status: Revised. 2) The most common source of financing is a personal loan from a financial institution. Answer: TRUE ................
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