Sometimes It May Be Better to Use Savings Rather Than

question 57

Multiple Choice

Sometimes it may be better to use savings rather than borrow to make a purchase.This would be recommended when

• A) the borrower has adequate savings.
• B) interest rates are rising.
• C) interest rates are falling.
• D) the cost of borrowing is greater than the interest earned on the savings.
• E) interest earned on savings is greater than the interest paid on the loan.

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Definitions:

Assembly Line Organization

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product in the most efficient way.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.