Which one of the following is often the source of the least expensive loan?
A)parents or family members
B)banks
C)savings and loan associations
D)finance companies
E)loan sharks

Question

Quizplus · Accepted Answer

Parents or family members are often a source of the least expensive loan as they may not charge any interest or may charge a lower interest rate than other lenders. This is because they have a personal relationship with the borrower and are less likely to charge high fees or interest rates.

Which One of the Following Is Often the Source of the Least