asked 232k views
4 votes
Financial intermediary that specializes in making small loans to individuals and families to purchase consumer goods and meet household expenses is the ______________ finance company.

a. commercial
b. consumer
c. captive
d. household

asked
User Balping
by
8.7k points

2 Answers

4 votes
Its B, Consumer finance company
answered
User Emilee
by
8.4k points
4 votes

Answer: The answer is b: consumer

Financial intermediary that specializes in making small loans to individuals and families to purchase consumer goods and meet household expenses is the consumer finance company.

Explanation:

Consumer finance company is a company or an institution that provides or gives loan directly to customers for business or personal use. They give out loan to customers who cannot obtain bank loans and they charge higher interest rate to customers. They get interest from the loan given to customers.

answered
User Melwil
by
7.1k points
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