Question

Purchasing a car on a loan through the bank or dealership is called:

A. franchising.

O

O

B. financing

O

C. loaning.

O

D. amortizing.

Answer 1

Answer:financing

Explanation:

Answer 2

Answer: B: Financing

Explanation:

Financing is a type of loan that is paid with interest. This type of loan is paid with fixed installment until the debt is paid off. If the loan is defaulted, the bank gets to collect the car from the owner.