Answered

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



Answer :

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


Other Questions