Exercise 1: IDENTIFICATION
Directions: Identify whether following is a business loan or consumer loan.
1. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in
order for him to buy the equipment and furniture for the barbershop
2. Mr and Mrs Craig wants to borrow money from the bank to finance the college education of
their son
3. Mr. Alonzo wants to have some improvements on their 10-year old house. He wants to build
a new room for their 13-year old daughter. He will borrow some money from the bank to
finance this plan.
4. Mr. Samson owns a slomal food cart business. He wants to put another food cart on a new
mall in the other city. He decided to have a loan to establish the new business.
5. Roan has a computer shop. She owns 6 computers. She decided to borrow some money
from the bank to buy 10 more computers.​