When the interest rate on savings is two times the interest rate on a loan,it is ____________.
A) less expensive to borrow to make a purchase
B) less expensive to use your savings to make a purchase
C) more expensive to borrow half the amount
D) more expensive to borrow to save
Correct Answer:
Verified
Q61: Jamil is purchasing a new truck for
Q69: Jamie is going to buy furniture with
Q72: Downward Motors has offered Vicki either a
Q75: It is better to use your savings
Q76: You should consider your _ before you
Q77: The rate of interest charged on _
Q78: If you don't have much down payment
Q79: If the add-on method is used to
Q80: Most single-payment loans are secured by _.
Q83: When the interest rate on savings is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents