Higher interest rates make it:
A) more expensive to borrow.
B) harder to get a loan typically.
C) easier to get a loan typically.
D) less expensive to borrow.

Question

Quizplus · Accepted Answer

Higher interest rates make it more expensive to borrow. This is because the interest paid on the loan is calculated as a percentage of the amount borrowed, so the higher the interest rate, the more costlier it is to borrow.

Higher Interest Rates Make It