1) It is the money lent specially for a business purpose. It may be used to start a business or to have a business expansion. a) BUSINESS LOAN b) CONSUMER LOAN 2) It is the money lent to an individual for personal or family purposes. a) BUSINESS LOAN b) CONSUMER LOAN 3) Roan has a computer shop. She owns 6 computers. She decided to borrow some money from the bank to buy 10 more computers. It is an example of Consumer Loan or Business Loan? a) BUSINESS LOAN b) CONSUMER LOAN 4) Mr. Alonzo wants to have some improvements on their house. He wants to build a new room for their 15-year old daughter. He will borrow some money from the bank to finance this plan. Is it an example of Consumer Loan or Business Loan? a) BUSINESS LOAN b) CONSUMER LOAN 5) It is an asset to secure the loan a) COLLATERAL b) BUSINESS 6) It is the time to pay the entire loan. a) CONSUMER b) TERM

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