When household borrows using credit cards

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Reference no: EM132017979

1. When a household borrows using credit cards and by taking out loans for largepurchases (such as automobiles), the resulting security is known as :

- a discount bond

- a Treasury bill

- mortgage debt

- consumer credit

2. Andy keeps his savings in a certificate of deposit at a bank, Ben keeps his savingsinvested in U.S. savings bonds, Beth keeps her savings in the form of liquid cash in hervault, and Charlie uses his to buy stock on the New York Stock Exchange.

Given this information, who among the following individuals is using indirect finance?

- Andy

- Ben

- Charlie

- Beth

Reference no: EM132017979

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