Felicia is considering buying her first car and is looking for a loan with the lowest interest rate. Which of the following banks is the best choice for Felicia?


A.
Commercial bank



B.
Investment bank



C.
Online bank



D.
Savings and loan institution

Respuesta :

Answer: The answer is (C) Online bank.


Step-by-step explanation:  Given that Felicia is considering buying her first car and is looking for a loan with the lowest interest rate. We are given to decide which bank out of the choices given will be best for her.

The options are Commercial bank, investment bank, Online bank and Savings and loan institution. Out of these four banks and institutions, only the online bank will provide her the lowest interest rates and hence she should go with the online bank.

Thus, (C) is the correct option.