asked 94.2k views
2 votes
A consumer wants to buy

a new car, but they need
help raising capital for
the down payment.
Which financial service
could the consumer use?
A. Consulting
B. Loans
C. Tax services
D. IPOs

1 Answer

3 votes

Final answer:

The consumer could use loans to raise capital for the down payment on a new car.


Step-by-step explanation:

The financial service that the consumer could use to raise capital for the down payment on a new car is Loans. Loans are a common option for consumers to obtain funds for various purposes, including making large purchases such as a car. The consumer can approach a bank or financial institution to apply for a loan, which they can then use to cover the down payment. The loan can be repaid over time, typically with added interest.


Learn more about Raising capital for a down payment on a new car

answered
User Walt Sellers
by
8.0k points
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