Which of the Following Loan Sources Is the Most Expensive

question 34

Multiple Choice

Which of the following loan sources is the most expensive?

• A) Commercial banks
• B) Credit unions
• C) Consumer finance companies
• D) Savings and loan associations
• E) None of the above

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Definitions:

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Traditional

Adhering to or advocating for the preservation of established customs, ideas, or systems, usually in opposition to modern innovations or changes.

Procedures

Established ways of performing tasks or activities in organized settings, often following set rules or guidelines to achieve specific objectives.

Bureaucratic

Pertaining to the complex administrative structure and processes of organizations or governments, characterized by formal rules and hierarchy.