Karen needs to borrow $2,500 for the repair of the oven in her bakery. She uses her problem-solving skills and finds a l

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Karen needs to borrow $2,500 for the repair of the oven in her bakery. She uses her problem-solving skills and finds a l

Post by answerhappygod »

Karen needs to borrow $2,500 for the repair of the oven in herbakery. She uses her problem-solving skills and finds a lenderthrough an online lending platform who agrees to loan her the moneyshe requires.
Which type of loan is Karen opting for in the givenscenario?
A. Payday loan
B. Title loans
C. Pawn shop loan
D. Peer-to-peer lending
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply