Which of the following is the most common source of financing for personal loans?

Question

Quizplus · Accepted Answer

Financial institutions, such as banks and credit unions, are the most common source of financing for personal loans. They typically offer lower interest rates and more favorable terms than other options like credit cards or sales finance companies. While borrowing from family and friends may also be an option, it is not as reliable or structured as obtaining a loan from a financial institution.

Which of the Following Is the Most Common Source of Financing