Register
18. When is the BEST time to take out a loan? A. when expenditures are high. B. when the cost of money is low. C. when the cost of money is high. D. when the risk of bankruptcy is high.
120k views
1 vote
18. When is the BEST time to take out a loan?

A. when expenditures are high.

B. when the cost of money is low.

C. when the cost of money is high.

D. when the risk of bankruptcy is high.

User Jtanmay
by
7.0k points

2 Answers

2 votes
The answer is B ;) the more money you take out the more you have to pay back
User Krowi
by
7.0k points
3 votes
I would think it would be B. Cause you wouldn’t want to risk bankruptcy. And when the cost of money is high, you’d have to pay more to pay off loans. I’m not sure though.
User Robinvdvleuten
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.2m questions

10.9m answers

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Why wasn't New England's land well-suited for farming
Link Copied!