Which of the Following Would Increase the Interest Rate for a Loan

question 56

Multiple Choice

Which of the following would increase the interest rate for a loan?

• A) Poor credit rating
• B) Higher down payment
• C) Constant interest rates
• D) Lower consumer prices
• E) Short time to maturity

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Definitions:

FTC Act

The Federal Trade Commission Act, a law that established the FTC and aims to prevent unfair competition, and deceptive or unfair business practices.

Deception

The act of misleading or concealing the truth to manipulate or cheat, which can be both socially and legally punishable.

Magnuson-Moss Act

A federal law enacted in 1975 aimed at improving consumer protections and warranties on household products and automobiles.

Manufacturing Equipment

Tools, machinery, and other durable equipment used in the production process of goods.