Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

Consumer Finances and its sources

Q: What is meant by Consumer Finances and what are its sources?

Ans: Consumers finance is also termed as ‘personal finance’ or ‘Domestic Finance’. The consumers finance is provided either from income or through different kinds of loans.

SOURCES OF CONSUMER FINANCE:

If the consumer finance is thieved through loans, the following sources are available:

1. HIRE PURCHASES:

2. CHARGE ACCOUNT:

3. CASH LOANS:

4. CREDIT CARDS:

5. REAL ESTATE LOANS: 

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