Multiple Choice
Which of the following is recommended if you loan money to a friend or relative?
A) Charge interest at a rate comparable to any high-risk security.
B) Always consider offering cash as a gift instead of extending a loan.
C) Put the agreement in writing.
D) Ensure that the loan is due within one year or less.
E) Make informal transactions for friends and relatives.
Correct Answer:
Verified
Correct Answer:
Verified
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