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

Question

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

GPT 3.5 · Answer

a type of loan where the title to an asset is used as collateral