A personal consumer loan could be used to
A) consolidate several loans into one.
B) purchase a car.
C) cover a temporary cash shortfall.
D) buy a mobile home.
E) do all these things.

Question

Quizplus · Accepted Answer

A personal consumer loan can be used for a variety of purposes, including consolidating existing loans, purchasing a car or a mobile home, and covering temporary cash shortfalls. Therefore, the best choice is E, as it includes all the options.

A Personal Consumer Loan Could Be Used to