A consumer loan probably would not be used to
A)purchase an auto.
B)pay for college tuition.
C)consolidate several loans into one.
D)finance a special vacation.
E)buy back-to-school clothes.

Question

Quizplus · Accepted Answer

A consumer loan is typically used for larger purchases, such as a car or home, or to consolidate debts. Buying back-to-school clothes would be considered a smaller expense that could be paid for with cash or a credit card.

A Consumer Loan Probably Would Not Be Used to