Get Started
1842

Q: Which payment method typically charges the highest interest rates?

  • 1
    Credit cards
  • 2
    Payday loans
  • 3
    Cashier's checks
  • 4
    Pre-paid cards
  • Show Answer
  • Workspace

Answer : 2. "Payday loans"
Explanation :

Answer: B) Payday loans Explanation: Both Credit cards and Payday loans payment methods typically charges the highest interest rates. When compared Payday loans seems to charge a little bit higher interest rates than Credit Cards interest rates.

Previous Next
Bank Exams CAT

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today