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GarryVolchara [31]
3 years ago
7

Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit h

istory. If she does not pay back the loan within three weeks, she will have to pay an extra $50. Raina says the loan is an example of easy-access credit while Maura says it is an example of open-end credit. Which statement about the loan is correct? Raina is correct because the loan is a line of credit. Maura is correct because the loan has an interest rate. Raina is correct because the loan has a large fee if it is not repaid on time. Maura is correct because the loan does not have an annual fee.
Business
2 answers:
Norma-Jean [14]3 years ago
8 0

Answer:

It would be A Raina is correct because the loan is a line of credit.

Explanation:

Hope this helps!

denis23 [38]3 years ago
3 0

A) Raina is correct because the loan is a line of credit

on edge2021 (:

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