Question

Match each type of loan with the way it is most commonly used.
credit cards
can be used to borrow money to
purchase a house
can be swiped at stores to make
immediate purchases on credit
mortgage loans
personal loans
can be used to obtain the funds to
buy a vehicle
auto loans
can be used to borrow a lump sum of
money for an individual to use

Answer 1

Answer:

Personal Loans - can be used to borrow a lump sum of money for an individual to use

Auto Loans - can be used to obtain the funds to buy a vehicle

Credit Cards - can be swiped at stores to make immediate purchases on credit

Mortgage Loans - can be used to borrow money to purchase a home

Explanation:

Just Did It On Edge :)

Answer 2

There are different kinds of loans. The match up is below;

• Personal Loans  are loans that can be used to borrow a lump sum of money for an individual to use.

• Auto Loans  are known to be loans that can be used to obtain the funds to buy a vehicle.

• Credit Cards are cards that can be swiped at stores to make immediate purchases on credit.

• Mortgage Loans  are loans that can be used to borrow money to purchase a home.

What is loans?

A loan is said to be any kind of debt gotten by a person or an entity. The lender can be a corporation, financial institution, etc.

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