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:

Security Interest

A legal claim or right on property as collateral to secure the performance of an obligation, usually the repayment of a debt.

Attached

Being joined or associated with something else, typically in the context of legal or official documents and properties.

Perfected

In legal terms, this refers to the completion of all necessary legal steps to enforce one's rights to an asset or interest.

Internationalization

The process of designing products, services, and content to facilitate their adaptation to various languages and cultures.