Which Statement Best Represents a Valid Criticism of Payday Loans

question 39

Multiple Choice

Which statement best represents a valid criticism of payday loans?

• A) They are inconvenient for customers.
• B) They provide credit to individuals with poor credit ratings.
• C) They exploit people who are already financially vulnerable.
• D) They are too risky for lenders.

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Definitions:

Loyal to British

Refers to individuals or groups who remained faithful to the British Crown, especially during key historical periods such as the American Revolutionary War.

Total Population

The complete count of all individuals within a specified territory, including citizens, non-citizens, and all demographic groups.

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa, impacted by a history of slavery, segregation, and ongoing social and economic inequalities.

Manpower

The total number of workers available to perform a job or a task.