What Strategy Should You Use to Obtain the Lowest Possible

question 61

Multiple Choice

What strategy should you use to obtain the lowest possible APR on a loan?

• A)Get a variable-rate loan.
• B)Keep the term (length)of the loan as short as possible.
• C)Make a large down payment.
• D)Provide collateral.
• E)All of the above

---

Definitions:

Simple Spending Multiplier

A ratio that estimates the impact on aggregate output (or income) of a change in autonomous spending.

Net Taxes

The total taxes paid by an individual or business minus any government subsidies or refunds received.

Federal Government Spending

Expenditure by the national government on goods, services, and public projects to influence a nation's economy.

Aggregate Demand Curve

A visual diagram that illustrates the connection between the general price level within an economy and the aggregate demand for products and services.