What is a peer-to-peer loan?
(1 point)
Responses
a loan from one entity electronically matched to another entity without a financial institution in the middle
a loan from one entity electronically matched to another entity without a financial institution in the middle
a short-term loan at high interest rates initiated by a worker who needs cash immediately
a short-term loan at high interest rates initiated by a worker who needs cash immediately
a loan given without review of the borrower’s credit report or credit score
a loan given without review of the borrower’s credit report or credit score
a type of loan where the title to an asset is used as collateral
a type of loan where the title to an asset is used as collateral
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