David Wynn gets an auto loan from his credit union for $11,500.David will make monthly payments over the next five years to repay the loan.What type of financial service is David using?

Question

Quizplus · Accepted Answer

David is using a credit service because he is borrowing money ($11,500) from his credit union and agreeing to repay it over a set period (five years), typically with interest.

David Wynn Gets an Auto Loan from His Credit Union