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a type of loan that can typically carry an interest rate of as much as 459 percent is called a/an?

Bmortgage loan
Cpayday loan
Dstudent loan

my guess is student but im not sure

Verified Answer :

The best and most correct answer among the choices provided by your question is the second choice or letter B.

A payday loan is a type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.


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