Choose the Word or Phrase in [ ] Which Will

question 81

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-When the interest rate on savings is higher than the interest rate on a loan,it is less expensive to [borrow | use savings] to make a purchase.

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Definitions:

Investments Abroad

Allocation of resources by individuals, corporations, or governments in foreign countries for the purpose of acquiring assets or stakes in companies.

Exchange Rate

The value at which the currency of one nation can be converted into the currency of another nation.

Euros

The official currency used by 19 of the 27 European Union countries, known collectively as the Eurozone.

Importer

An individual, company, or entity that buys goods or services from a foreign country for sale within their own country.