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Friends and family can be good sources of low-cost loans, except that

a. Friends may not have the money to lend.
b. Family members may also be struggling financially.
c. Interest rates charged by alternative financial service providers are cheaper.
d. Only a and b.

1 Answer

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Final answer:

The subject of this question is Business. In the context of loans, friends and family can be good sources of low-cost loans, but there are considerations to keep in mind. The correct answer is d. Only a and b.

Step-by-step explanation:

The subject of this question is Business.



In the context of loans, friends and family can be good sources of low-cost loans. However, there are certain considerations to keep in mind. Friends may not have the money to lend, and family members may also be struggling financially. On the other hand, alternative financial service providers may offer lower interest rates as compared to borrowing from friends and family. So, the correct answer to this question is d. Only a and b.

User Sinsuren
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