Loans extended to finance the purchase of automobiles,mobile homes,home appliances,and vacations are classified as:
A)real estate loans.
B)financial institution loans.
C)agricultural loans.
D)commercial and industrial loans.
E)None of the options is correct.

Question

Quizplus · Accepted Answer

None of the options provided accurately categorize loans for the purchase of automobiles, mobile homes, home appliances, and vacations. These types of loans typically fall under the broader category of consumer loans or personal loans.

Loans Extended to Finance the Purchase of Automobiles,mobile Homes,home Appliances,and