🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Classification of Credit and Sources
10 Questions
0 Views

Classification of Credit and Sources

Created by
@OpulentLepidolite

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which financial intermediaries are cooperative units that provide financial assistance to its members through lending and borrowing of funds?

  • Banks
  • Pawnshops
  • Credit Unions (correct)
  • Non-Banking Finance Companies
  • What types of financial intermediaries are known for simplifying the lending and borrowing process on a large scale?

  • Lending Investors
  • Non-Banking Finance Companies
  • Credit Unions
  • Banks (correct)
  • What type of financial company engages in advancing loans at high rates of interest?

  • Non-Banking Finance Companies (correct)
  • Credit Unions
  • Pawnshops
  • Lending Investors
  • Which financial intermediaries are individuals or companies that provide loans in exchange for interest payments, often through peer-to-peer lending platforms?

    <p>Lending Investors</p> Signup and view all the answers

    What type of credit provides businesses with a lump sum of capital that can be used for expansion or equipment purchases?

    <p>Small business loans</p> Signup and view all the answers

    What is the maturity period of short-term credit?

    <p>Less than one year</p> Signup and view all the answers

    Which type of credit is typically used for major investments like buying a house or starting a business?

    <p>Industrial credit</p> Signup and view all the answers

    What does consumer credit refer to?

    <p>Loan funds granted to individuals to purchase personal items</p> Signup and view all the answers

    In the classification of credit by purpose, what does commercial credit finance?

    <p>Marketing of commodities</p> Signup and view all the answers

    What distinguishes agricultural loans from other types of loans in terms of purpose?

    <p>Time of usage and rate of returns</p> Signup and view all the answers

    More Quizzes Like This

    Introduction to Classification Methods
    10 questions
    Classification of Credit
    10 questions

    Classification of Credit

    OpulentLepidolite avatar
    OpulentLepidolite
    Classification of Credit and Sources Quiz
    10 questions
    Clasificaciones del Crédito
    8 questions
    Use Quizgecko on...
    Browser
    Browser