Man, child killed in clashes between Hamas police, Fatah-allied clan

The video provides a brief introduction to personal loans, highlighting their importance and basic characteristics. It aims to familiarize viewers with the concept of personal loans and their role in personal finance.

What does the term 'little guy' typically refer to in financial discussions?

• A small business owner

• A wealthy investor

• A large corporation

• A financial advisor

Which of the following is a characteristic of a personal loan?

• It is borrowed for personal expenses

• It is typically used for business investments

• It is secured by collateral

• It has no interest rate

What is one common use of a personal loan?

• Buying stocks

• Paying for a vacation

• Investing in real estate

• Starting a business

Which of the following is NOT a typical feature of a personal loan?

• No collateral required

• Long-term repayment

• Used for personal expenses

• Fixed interest rate

How does a personal loan differ from a mortgage?

• A personal loan is secured by property

• A mortgage is used for personal expenses

• A personal loan does not require collateral

• A mortgage has a shorter repayment period