An Important Consideration Regarding Applying for a Loan Is That

question 59

Multiple Choice

An important consideration regarding applying for a loan is that

• A)you may not have a good credit rating unless you have borrowed before.
• B)it would be better to simply increase your credit card limit than take out a loan.
• C)a longer term is preferred because of the smaller payments.
• D)it lets you purchase items now,rather than later,without affecting your budget.

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Definitions:

Arbitrage

The simultaneous purchase and sale of the same assets in different markets to profit from unequal prices.

Geographic Boundaries

Demarcated physical limits of geographical areas, which can include country borders, state lines, or natural barriers.

Production Factors

The inputs used in the process of producing goods or services, typically classified as land, labor, and capital.

Globalized Market

A large market created by combining separate national markets.