Which Lender Is Likely to Ask You to Write a Check

question 25

Multiple Choice

Which lender is likely to ask you to write a check for $115 before granting you a $100 loan?

• A)credit union
• B)payday advance company
• C)finance company
• D)department store
• E)commercial bank

---

Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a corporation.

Revised Act

An amended version of legislation that incorporates changes and updates to the original act.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of stock at a set price on or before a specified date.

Compensation Plans

A system of payment or rewards offered by an employer to its employees for their work or performance.