Interest Rates on Long-Term Loans Are Generally _____Than Interest Rates

question 3

Multiple Choice

Interest rates on long-term loans are generally _____than interest rates on short-term loans, partly because______loans are riskier.

• A)lower; short-term
• B)lower; long-term
• C)higher; long-term
• D)higher; short-term

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Definitions:

Earmarks

Earmarks are provisions within legislation that allocate funds to specific projects, often without passing through the typical competitive or merit-based allocation processes.

Randy "Duke" Cunningham

A former United States Congressman who was convicted of accepting bribes from defense contractors.

Bribes

The act of giving or receiving something of value in exchange for some kind of influence or action in return, that is often illegal or unethical.

Sophomore Surge

The phenomenon where political candidates see a significant increase in votes or support in their second campaign or term.