Solved

Which of the Following Is an Example of an Indirect

Question 15

Multiple Choice

Which of the following is an example of an indirect loan?


A) An automobile dealer negotiates the loan terms with the individual and then presents the agreement to the bank. The bank then makes the loan.
B) An automobile dealer refers a customer to the local credit union. The customer goes to the credit union and gets an auto loan secured by the customer's certificates of deposit.
C) A homebuyer gets a mortgage over the Internet.
D) A student gets a student loan guaranteed by Sallie Mae.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions