Question:
Which best describes a way people can use personal loans?
A-to buy a house
B-to buy a bicycle
C-to pay for college
D- to pay for groceries
Posted By Admin @ September 04, 2022
Which best describes a way people can use personal loans?
A-to buy a house
B-to buy a bicycle
C-to pay for college
D- to pay for groceries
Answer:
To pay for groceries
Explanation:
Personal loan is a type of unsecured loan which a person takes to fulfill his basic daily financial needs. And it is quite flexible, means the borrower is free to use as per his/her need. For example, travelling costs, groceries, medical emergencies, home renovation etc.