Other things equal, short-term loans usually have lower rates of interest than do long-term loans.

Question

Ayonna Williams · Accepted Answer

Final Answer : True, Explanation :  Short-term loans typically have lower interest rates than long-term loans because lenders face less uncertainty and risk over shorter periods.

Other things equal, short-term loans usually have lower rates of interest than do long-term loans.

Definitions

Learning Objectives

Learning Objectives

Related questions