In 2013,the largest portion of loans made by finance companies was ________,representing 60% of the loans.

Question

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According to the information given, finance companies made the largest portion of loans (60%) in 2013, and the options listed include consumer loans, factoring loans, business loans, and real estate loans. Consumer loans are typically loans made to individuals for personal use, such as automobile purchases or home improvements. Factoring loans involve purchasing accounts receivable from companies at a discounted rate. Business loans are loans made to companies or businesses for various purposes, such as starting a new business, expanding an existing business, or meeting working capital requirements. Real estate loans are typically loans made for the purpose of purchasing or refinancing real estate properties. Based on the options provided, consumer loans would be the most likely answer, as they are loans made to individuals and account for a substantial portion of finance company lending.

In 2013,the Largest Portion of Loans Made by Finance Companies