Which of the following is an example of an indirect loan?
A) An automobile dealer negotiates the loan terms with the individual and then presents the agreement to the bank. The bank then makes the loan.
B) An automobile dealer refers a customer to the local credit union. The customer goes to the credit union and gets an auto loan secured by the customer's certificates of deposit.
C) A homebuyer gets a mortgage over the Internet.
D) A student gets a student loan guaranteed by Sallie Mae.
E) None of the above.
Correct Answer:
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A
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Q6: Use the following information for questions
A
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