It is better to use your savings instead of borrowing to make a purchase when:
A)the borrower has adequate savings.
B)interest rates are rising.
C)interest rates are falling.
D)the cost of borrowing is much greater than the interest earned on savings.
E)the interest earned on savings is greater than the interest paid on the loan.

Question

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The Answer of It is better to use your savings instead of borrowing to make a purchase when:
A)the borrower has adequate savings.
B)interest rates are rising.
C)interest rates are falling.
D)the cost of borrowing is much greater than the interest earned on savings.
E)the interest earned on savings is greater than the interest paid on the loan.

It Is Better to Use Your Savings Instead of Borrowing