Which of the Following Is Recommended If You Loan Money

question 3

Multiple Choice

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

• A) Do it in a business-like fashion.
• B) Charge interest if the loan is not to be quickly repaid.
• C) Be sure both parties understand it is a loan,not a gift.
• D) Lend only money you can afford to give away.
• E) All of the above

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Definitions:

Shared Family History

Shared Family History refers to the common background, experiences, traditions, and stories that are passed down through generations within a family.

Nuclear Families

A family unit consisting of two parents and their children living together.

Stepfamilies

Families formed when at least one partner brings children from a previous relationship, blending families together.

Stepfathers

Men who are married to one's mother after the separation, divorce, or death of one's biological father, and who may have a step-parental role.