Of the following possible sources of credit, which typically has the lowest borrowing rates?

Question

Quizplus · Accepted Answer

Credit unions are member-owned and not-for-profit financial cooperatives. Therefore, they often have lower borrowing rates compared to commercial banks or personal finance companies, which are for-profit organizations. Savings and loans may also have competitive rates, but this can vary depending on the institution.

Of the Following Possible Sources of Credit, Which Typically Has