Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

A type of bank-free, internet driven process in which individuals lenders choose
borrowers to fund their current loan request is called.
peer to peer lending
payday loans
personal loan
internet loans

Sagot :

GinnyAnswer

Final answer:

Peer-to-peer lending is an internet-driven process connecting individual lenders and borrowers directly, reducing transaction costs.


Explanation:

Peer-to-peer lending is a bank-free, internet-driven process where individual lenders fund loan requests of borrowers directly. Examples of peer-to-peer lending platforms include Zopa.com and Prosper.com. This method reduces transaction costs by electronically matching borrowers and lenders.


Learn more about Peer-to-peer lending here:

https://brainly.com/question/22282617


Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.