8
RCMultiple Choice

Cumulative Exam — Cumulative exam

Question 8 • FL-2106010-M/J Civics B

Financial institutions that are created only to make personal and business loans are __________.

Answer
A
banks
B
credit unions
C
savings and loans
D
finance companies

Explanation

Finance companies specialize in making personal and business loans, rather than offering the full range of services provided by banks or credit unions. Therefore, the correct choice is finance companies.

AI-written and checked against the verified answer.

Previous
Next