Based on what we discussed about interest rates, which of the following will likely charge the highest interest rate on a loan?
Credit Union
Payday Lender
Bank
Charity

Respuesta :

I would think either bank or credit union but more leaning towards credit union

The highest interest rate on a loan will likely charge the Credit Union, it is the financial institution. Option A is correct.

What is a Credit Union?

A credit union is a member-owned nonprofit financial cooperative that functions similarly to a commercial bank.

Credit unions offer similar services to merchandising banks to their members, such as deposit accounts, credit, and some other financial services.

The Credit Union will most probable be shooting down the highest interest rate on a loan.

Therefore, option A is correct.

Learn more about the Credit Union, refer to:

https://brainly.com/question/13557890