:discuss the major differences between consumer and commercial loans.

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Essentials of Business Law

ISBN: 978-0078023194

9th edition

Authors: Anthony Liuzzo

See More Books

Posted Date: May 06, 2024 06:59 AM

See More Questions

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Utilizing resoorces, complete a risk audit of Bank of Americas project to acquire Merrill Lynch. Ensure you address all 10 critical success factors. From the evidence of your audit, would you advise...
Discuss the major differences between the two basic kinds of commercial paper: promises to pay (notes) and orders to pay (checks and drafts).
Shapiro Inc. was incorporated in 2013 to operate as a computer software service firm with an accounting fiscal year ending August 31. Shapiro's primary product is a sophisticated online...
How does the market for inputs like labor differ from the market for goods and services?
Garrett Corporation began operations in 2024. To maintain its accounting records, Garrett entered into a two-year agreement with Accurite Company. The agreement specifies that Garrett will pay...
A survey among freshmen at a certain university revealed that the number of hours spent studying the week before final exams was normally distributed with mean 25 and standard deviation 7. a. Find...
1. What benefits of entrepreneurship does Sara Blakely appear to have attained? 2. Is the desire to earn an income a key motivator for Blakely? Explain your answer. 3. What was Blakelys opportunity...
The cost analyst for Sheffer Systems collected the following data concerning direct materials: Actual production Direct materials purchased (actual) Standard cost of materials purchased Standard...
If there is a single, uncontested will, and there is only one beneficiary, such as a sole surviving spouse or child, why should an estate have to go through the probate process? What benefits, if...
Explain the difference between the abiotic features and the biotic features of an organisms environment.
Explain the difference between a producer and a consumer.
Which biome includes more living things than all other biomes combined?
Describe logistic growth. Under what conditions do populations experience logistic growth?
If you eat a pound of pasta, will you gain a pound of weight? Why not?
The marginal cost of educating a college student is $5,000 a year. Table 3 shows the marginal benefit schedule from a college education. The marginal external benefit from a college education is a...
The Thomas Corporation was organized on Jan. 1, 2020. On Dec. 31, 2021, the corporation lost most of its inventory in a warehouse fire before the year-end count of inventory was to take place. just...
A rigid block of mass $M$ is mounted on four elastic supports, as shown in Fig. 2.58. A mass $m$ drops from a height $l$ and adheres to the rigid block without rebounding. If the spring...
A sledgehammer strikes an anvil with a velocity of $15 \mathrm{~m} / \mathrm{s}$ (Fig. 2.59). The hammer and the anvil have a mass of $6 \mathrm{~kg}$ and $50 \mathrm{~kg}$, respectively. The...
The natural frequency of a spring-mass system is found to be $2 \mathrm{~Hz}$. When an additional mass of $1 \mathrm{~kg}$ is added to the original mass $m$, the natural frequency is reduced to...

:discuss the major differences between consumer and commercial loans.

Question:

Expert Answer:

Consumer loans and commercial loans serve different purposes and are designed for distinct types of borrowers Here are the major differences between the two Purpose Consumer Loans Consumer loans are t... View the full answer

Essentials of Business Law

Students also viewed these banking questions