Nonresidential consumer loans include credit to finance the purchase of home appliances.

Name: Nonresidential consumer loans include credit to finance the purchase of home appliances.
Brand: Quizplus
Rating: 4.9 (66 reviews)

Question

Quizplus · Accepted Answer

Nonresidential consumer loans are loans provided to businesses or organizations for various purposes such as expanding their operations, purchasing equipment, or financing real estate. Credit to finance the purchase of home appliances would fall under the category of consumer loans but not nonresidential consumer loans.

Nonresidential Consumer Loans Include Credit to Finance the Purchase of Home