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Louise Got Caught in a Cash Flow Trap and Needed

Question 57

Multiple Choice

Louise got caught in a cash flow trap and needed money quickly.Unfortunately,she didn't shop around and she went to a _____.As a result,her annual percentage rate was higher than 375%!


A) commercial bank
B) check-cashing outlet
C) pawnshop
D) payday loan facility
E) rent-to-own center

Correct Answer:

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