The primary advantage of _________blank is that the rate of interest is usually lower than that for a commercial bank loan.

Question

The primary advantage of _________blank is that the rate of interest is usually lower than that for a commercial bank loan.
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The blank in the sentence should be filled with "a credit union loan". The primary advantage of a credit union loan is that the rate of interest is usually lower than that for a commercial bank loan. Credit unions are member-owned financial cooperatives where members can borrow from pooled deposits Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

The primary advantage of _________blank is that the rate of interest is usually lower than that for a commercial bank loan.

The is the difference between the interest rate a bank earns on a loan and the interest rate it pays.

What is the term used for the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks?

A company’s bank requires a compensating balance of 20% on a $100,000 loan. If the stated interest on the loan is 7%, what is the effective cost of the loan?

What is the effective annual interest rate on a 9% APR automobile loan that has monthly payments?Question 2

1/3