The interest earned on loans to state and local governments is a lower interest rate than otherwise similar borrowers pay because _____
A) lenders focus on their after-tax rate of interest.
B) lenders focus on their before-tax rate of interest.
C) borrowers focus on their after-tax rate of interest.
D) borrowers focus on their before-tax rate of interest.
E) lenders and borrowers pay high taxes.
Correct Answer:
Verified
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