Of the Following Possible Sources of Credit,which Typically Has the Lowest

question 15

Multiple Choice

Of the following possible sources of credit,which typically has the lowest borrowing rates?

• A)Savings and loans
• B)Personal finance company
• C)Credit union
• D)Commercial bank

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Definitions:

Five-Year Period

A specified duration of time, often used in contexts such as contracts, warranties, and strategic planning, comprising five consecutive years.

Mens Rea

A legal term referring to the mental state or intention behind committing a crime; a key element in determining culpability.

Regulatory Crimes

Offenses that violate laws or regulations intended to protect the public welfare, often involving health, safety, and the environment.

Mala Prohibita

Refers to acts that are crimes only because they are prohibited by law, not because they are inherently immoral or harmful.