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Financial Math
Credit and Types of Loans — Test
Question 12
12
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Multiple Choice
Credit and Types of Loans — Test
Question 12 • Financial Math
Aarya has been saving for a vacation and decides to apply for a travel loan of $5,000. Her credit score is 750. What is the most likely outcome of her loan application?
Answer
A
She is approved at a low interest rate.
B
She is denied the loan.
C
She is approved for a larger loan than requested.
D
She is approved but at a very high interest rate.
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