Peer-to-peer lending, which allows individuals to borrow and lend money while bypassing financial institutions, is also called
A) buddy lending.
B) angel investing.
C) social lending.
D) Web investing.
E) crowd jumping.

Question

Quizplus · Accepted Answer

Peer-to-peer lending is also known as social lending. It refers to the practice where individuals can lend money to other individuals without the need for a traditional financial intermediary, facilitating borrowing and lending mainly through online platforms.

Peer-To-Peer Lending, Which Allows Individuals to Borrow and Lend Money