When Borrowing Money, the Most Important Objective of the Borrower

question 17

Multiple Choice

When borrowing money, the most important objective of the borrower should be to:

• A)minimize monthly payments.
• B)minimize the APR.
• C)avoid borrowing on a discount basis.
• D)make the maturity date as far in the future as possible.

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Definitions:

Religious Freedom

The right to practice any religion or none at all, without government interference or discrimination, a principle protected in many democratic societies.

Citizens United v. FEC

A landmark Supreme Court case that ruled entities have a First Amendment right to spend unlimited amounts of money on political campaigns.

Hobby Lobby v. Obama

A landmark Supreme Court case which determined that privately owned corporations could be exempt from a law its owners religiously objected to, if there was a less restrictive means of furthering the law's interest, specifically referring to the Affordable Care Act's contraceptive mandate.

Public Perceptions

The collective opinions or beliefs of the general population about issues or subjects.