207k views
3 votes
The finance charge you will pay in dollars is the only thing you need to know about a loan.

A. true

B. false

2 Answers

3 votes
B

There is more to know, cause the finance charge isnt the only thing in a loan
User Tristanm
by
7.9k points
2 votes

Answer: This statement is "False."

Explanation:

False, the finance charge he will pay in dollar is not the only thing he needs to know about a loan.

An individual should know about the loan are as follows:

1) Interest rate on loan

2) Period of loan

3) How much collateral security he needs to show against the loan.


User Thamer
by
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories