Answer: The correct answer is B) He might have to purchase a less-expensive car.
Step-by-step explanation:
Increasing interest rates make the process of borrowing money less desirable. Since people usually borrow money for major purchases, the correct answer would be that Joe might have to purchase a less-expensive car. People often use credit to buy a car, and since all of the other options involve much less-expensive situations, we can determine that this is the correct answer.