Personal loans from family members or friends
A) are not good sources of financing.
B) are more expensive than loans from other sources.
C) should have a loan agreement in writing to avoid problems later on.
D) are not desirable from the lender's point of view.
Correct Answer:
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Q1: The monthly payment for a loan is
Q2: Debt consolidation loans can be used to
A)
Q3: When borrowing money from a family member
Q4: All of the following provide personal loans,
Q5: Longer maturities for loans result in lower
Q7: A personal loan is different from a
Q8: Personal loans include which of the following?
A)
Q9: When applying for a personal loan, you
Q10: If a loan is cosigned and the
Q11: In securing personal loans from family members
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