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If You Borrow Money on a Single-Payment Loan and Discover

Question 41

Multiple Choice

If you borrow money on a single-payment loan and discover that you cannot pay it back when it is due, you should:


A) purchase a credit card.
B) unsecure the loan.
C) pay a prepayment penalty.
D) negotiate a rollover.
E) file for bankruptcy.

Correct Answer:

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