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Loans & Lending Practices MCQs

What is meant by Predatory Lending?

Lending money to people who are extended beyond their means in an attempt to get them to spend more than they should

Lending money to high net worth individuals

Lending people money to buy a car

Lending money to students to pay for their education

Answer

Correct Answer: Lending money to people who are extended beyond their means in an attempt to get them to spend more than they should

Explanation:

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