The financial institution that generally charges the LOWEST rates on loans is a A) credit union. B) finance company. C) commercial bank. D) savings and loan.

Respuesta :

A) Credits Union is the correct answer.

Answer:

A) credit union.

Step-by-step explanation:

The financial institution that generally charges the LOWEST rates on loans is a - credit union.

Credit unions are not-for-profit organizations whose purpose is to serve their members. The credit unions provide deposit accounts, provide loans and also other financial services. These unions provide a very low and reasonable rate of interest.

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