Question

Question 1 of 10

One advantage of a long-term loan compared to a short-term loan is that a
long-term loan:
A. does not require the borrower to have a good credit score.
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B. can be paid off in full without the borrower paying any interest.
C. does not force the borrower to make payments every month.
D. allows a person to borrow more money at a lower interest rate.

Answer 1

D. allows a person to borrow more money at a lower interest rate