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Personal Finance
Financial Institutions and Banking — Quiz
Question 1
1
Quiz
Multiple Choice
Financial Institutions and Banking — Quiz
Question 1 • Personal Finance
Which is an example of predatory lending?
Answer
A
A teenager applies for a loan at her local bank branch but is told that she’s too young to apply without a parent’s approval.
B
A couple is charged a higher interest rate for a mortgage loan than another couple living in the same city.
C
A man opens a savings account, but when interest rates drop nationwide, his account doesn’t earn as much as he had hoped.
D
A woman fails to quality for a loan she needs in order to start a new business in her community.
Question 1
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