Which source of short-term borrowing charges the highest average interest rates on unpaid balances?
A) ordinary credit cards
B) car loans for borrowers with good credit
C) home mortgage loans
D) student loans

Question

Quizplus · Accepted Answer

Ordinary credit cards typically charge the highest average interest rates on unpaid balances compared to other forms of short-term borrowing.

Which Source of Short-Term Borrowing Charges the Highest Average Interest