Which of the Following Statements Is True

question 89

Multiple Choice

Which of the following statements is true?

• A)Larger loans are likely to be cheaper to process (per dollar) than smaller loans; therefore, larger loans will carry a lower interest rate than smaller loans, ceteris paribus.
• B)Larger loans are likely to be more expensive to process (per dollar) than smaller loans; therefore, larger loans will carry a higher interest rate than smaller loans, ceteris paribus.
• C)Larger loans are likely to be cheaper to process (per dollar) than smaller loans; therefore, larger loans will carry a higher interest rate than smaller loans, ceteris paribus.
• D)Larger loans are likely to be more expensive to process (per dollar) than smaller loans; therefore, larger loans will carry a lower interest rate than smaller loans, ceteris paribus.

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Definitions:

Float

In programming, a float (floating-point number) is a data type that is used to store decimal numbers, allowing for fractional components in calculations.

Floating-Point Data Type

A floating-point data type is a numerical data type used in programming to represent real numbers that can have fractional parts, allowing for precise calculations involving decimals.

Special Symbol

A character or set of characters used to perform a specific function or represent a specific operation in programming languages.

Insertion Point

The specific location in a data structure or document where new data will be entered or added.