6.4 Differentiate between Different Types of Consumer Lender Loan products Significant features They accept deposits and issue loans. Commercial Automobile loans banks Credit cards National banks must be member of the Federal Reserve System. Home improvement Loans (1 of 4).
6.4 Differentiate between Different Types of Consumer Lender Loan products Significant features They accept deposits and issue loans. Commercial Automobile loans banks Credit cards National banks must be member of the Federal Reserve System. Home improvement Loans (1 of 4).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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can you explain this to me
Transcribed Image Text:6.4 Differentiate
between
Different Types
of Consumer
Loans (1 of 4)
Lender
Loan products
Significant features
They accept deposits and issue
loans.
Commercial
Automobile loans
banks
Credit cards
National banks must be member of
the Federal Reserve System.
Home improvement
loans
Mortgages
State-chartered banks have state
EXHIBIT 6.2: LENDERS AND LOAN
OPTIONS-COMMERCIAL BANKS
regulating agencies.
Personal loans
Residential mortgages are a
relatively small part of their
portfolio.
Second mortgages
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