Interest rates differ because of differences in

Question

Quizplus · Accepted Answer

Interest rates can differ due to a variety of factors, including the level of risk involved in lending the money, the length of time the borrower needs the money for (the term of the loan), and the costs associated with making the loan (such as administrative or processing fees). All of these factors can impact the lender's overall profitability and willingness to lend, so they are all taken into account when setting interest rates.

Interest Rates Differ Because of Differences in