Weegy: When a depositor takes more money out of a checking account than he or she has in it, the result is called: an overdraft.
User:
All of the following are types of loans EXCEPT:
A. bankruptcy loan
B. small business loan
C. mortgage loan
D. automobile loan
Weegy: All of the following are types of loans EXCEPT: bankruptcy loan.
User:
Which of the following statements is true regarding loans and borrowers?
A. High-risk borrowers pay lower interest rates.
B. Mortgage loans are usually short-term loans.
C. Low-risk borrowers pay less for credit.
D. All lenders charge about the same interest rate.
(More)