5 Questions
Which type of lender is backed by collateral, such as a car or a house?
Commercial Banks
What type of loan is not backed by collateral and typically has higher interest rates?
Credit Cards
What type of lender connects borrowers with individual lenders through an online platform?
Peer to Peer Lending Platforms
What type of lender charges high interest rates and often takes advantage of vulnerable borrowers?
Predatory Lenders
What does APR include when it comes to loans?
Interest rate and all charges
Test your knowledge on lending and its importance in various aspects of society. From personal loans to government borrowing, explore how lending enables individuals, businesses, and governments to achieve their goals and contribute to the economy.
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