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When Borrowing Money from Friends or Family Members,you Should ________

Question 61

Multiple Choice

When borrowing money from friends or family members,you should ________.


A) ask for more money than you think you will need so that you have room to negotiate, recognizing that if they give all that you ask for you do not need to accept all of it
B) provide the person from whom you borrowed money a document indicating how and when you intend to pay them back
C) ask the person from whom you borrow money for advice about how to run your business since they obviously know how to make money
D) provide the person from whom you borrow money a monthly financial report and budget and always ask their opinions before making business decisions
E) explain to the person that this is not a professional relationship, and that it is likely they will not be repaid

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