question 12\n1 pts\nthe two most common loans on which people get stuck paying compounding interest are…

question 12\n1 pts\nthe two most common loans on which people get stuck paying compounding interest are ______________.\nstudent loans and credit cards\npayday loans and credit cards\ncar loans and payday loans\ncredit cards and car loans

question 12\n1 pts\nthe two most common loans on which people get stuck paying compounding interest are ______________.\nstudent loans and credit cards\npayday loans and credit cards\ncar loans and payday loans\ncredit cards and car loans

Answer

Brief Explanations:

Payday loans often have high - interest rates and short repayment terms, while credit cards have revolving credit with compounding interest if not paid off in full. These two types of loans commonly trap borrowers in compounding interest cycles. Student loans and car loans usually have more regulated and less predatory interest structures compared to payday loans and credit cards in terms of compounding issues.

Answer:

B. payday loans and credit cards