What is a Loan?

What is a loan, and why do people borrow money? In this fun, easy-to-understand video, we break down: What a loan is Why interest is added The most common types of loans: home, car, student, personal, business, and credit cards Real-life examples and easy definitions for kids and teens Free to watch on Dr.Doc Kids.

Courtesy of Money Starters on YouTube. Watch on YouTube ↗

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