a financial institution that makes short - term, high - interest loans to borrowers who are considered high…

a financial institution that makes short - term, high - interest loans to borrowers who are considered high risk is a:\n\na. credit union.\nb. payday lender.\nc. mortgage lender.\nd. retail bank.

a financial institution that makes short - term, high - interest loans to borrowers who are considered high risk is a:\n\na. credit union.\nb. payday lender.\nc. mortgage lender.\nd. retail bank.

Answer

Brief Explanations:

Payday lenders offer short - term, high - interest loans to high - risk borrowers. Credit unions typically offer more favorable terms to members. Mortgage lenders deal with long - term loans for property. Retail banks have a wide range of services and don't specialize in such high - risk, short - term loans.

Answer:

B. payday lender