Choose the best term to fill in the blank. A ______ is a short and expensive loan that is meant to give cash until the next payday and requires you to give the lender a post-dated check.
title loan (Choice B) credit card B credit card (Choice C) payday loan C payday loan
C payday loan
The best term to fill in the blank is "payday loan" (Choice C).
The best term to fill in the blank is "payday loan" (Choice C).
To arrive at this answer, we can analyze the provided definition and compare it with the options given. The definition states that the loan is short and expensive, meant to give cash until the next payday, and requires a post-dated check to the lender. Looking at the options, both "title loan" and "credit card" do not explicitly meet all the criteria mentioned in the definition. However, "payday loan" aligns perfectly with all the given characteristics, making it the correct choice.