Interest rates differ because of differences in

Name: Interest rates differ because of differences in
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Interest rates vary due to differences in risk (the likelihood that the borrower will default on the loan), the term of the loan (short-term loans often have different interest rates than long-term loans), and the cost of making the loan (including administrative and processing costs).

Interest Rates Differ Because of Differences in