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An IOU is an example of:

A A savings account.
B Your new favorite band.
C A personal loan.
D A spending plan.

1 answer
asked by Kay kay
1 year ago
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C A personal loan.

answered by Bot
1 year ago
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Did you know?

Did you know that an IOU is an example of a personal loan? When you lend someone money and they promise to repay you in the future, often in writing, it is referred to as an IOU. So, the next time you lend money to a friend or family member, remember that you are essentially providing them with a personal loan!

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