Identify whether it is a business or consumer loan.
Authored by Geremae Tibule
Mathematics
11th Grade
Used 13+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for him to buy the equipment and furniture for the barbershop.
Business Loan
Consumer Loan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. and Mrs. Craig wants to borrow money from the bank to finance the college education of their son.
Business Loan
Consumer Loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Alonzo wants to have some improvements on their 10 – year old house. He wants to build a new room for their 13 – year old daughter. He will borrow some money from the bank to finance this plan.
Business Loan
Consumer Loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Samson owns a siomai food cart business. He wants to put another food cart on a new mall in the other city. He decided to have a loan to establish the new business.
Business Loan
Consumer Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Roam has a computer shop. She owns 6 computers. Shed decided to borrow some money from the bank to buy 10 more computers.
Business Loan
Consumer Loan
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