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W!SE Financial Literacy Test-CREDIT | Questions and Answers
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Which of the following lenders charge the highest interest rate? - ANSWER Pawnshop, Pawnshops accept items that have a market value as collateral on cash loans given to customers. If the customer does not pay back the loan principal and interest in a specified period, the pawnshop has the contractual right to sell the item. How can you protect yourself against credit card fraud? - ANSWER Be extremely careful about disclosing account information to unsolicited callers.
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