One of the drawbacks of borrowing from parents or family members is that such loans:
A) tend to be more expensive than other types of loans.
B) must be interest-free.
C) may create tension within the family.
D) are limited to oral agreements.
E) are legally prohibited from establishing repayment dates and terms.

Question

Quizplus · Accepted Answer

Borrowing from family members can create tension within the family, especially if there is any disagreement or misunderstanding regarding repayment. It may strain or damage the relationship, which is something to consider when opting for a loan from family members.

One of the Drawbacks of Borrowing from Parents or Family