Which of the Following Are Recommended If You Loan Money

question 130

Multiple Choice

Which of the following are recommended if you loan money to a friend or relative?

• A)Charge a market rate of interest.
• B)Have a lawyer draft a loan contract.
• C)Put the agreement in writing.
• D)Make the loan due within one year or less.
• E)All of the these apply.

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Definitions:

Health Promoter

An individual or entity that works towards enhancing the health and well-being of people through various strategies and interventions.

Persuasibility

The susceptibility of an individual to be influenced or convinced by others, often through arguments or persuasion tactics.

Self-Esteem

The personal judgment of one's own worth, value, or significance.

Inverted U Shape

A graphical representation describing the relationship between stress or arousal and performance, indicating optimal performance at moderate levels of arousal.