5 multiple choice 1 point which financial institutions generally charge the highest interest rates on loans…

5 multiple choice 1 point which financial institutions generally charge the highest interest rates on loans credit unions mutual savings banks commercial banks finance companies

5 multiple choice 1 point which financial institutions generally charge the highest interest rates on loans credit unions mutual savings banks commercial banks finance companies

Answer

Brief Explanations:

Finance companies often target borrowers with lower - creditworthiness or those in need of quick funds. To compensate for the higher risk of default, they generally charge higher interest rates compared to credit unions, mutual savings banks, and commercial banks which have more regulated lending practices and access to a wider range of low - cost funds.

Answer:

D. finance companies