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Home › Bihar Board Class 12 (Commerce) › Business Studies › Small Business › Which is risky because card interest is often se…

Which is risky because card interest is often several times a bank loan's rate?

ASelf-financing
BCredit card debt
CAngel investment
DBank overdraft
Answer & Solution
Correct answer: B. Credit card debt
Credit card interest far exceeds a bank loan or line of credit, so using it for business funding is dangerous.
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