From a Borrower's Perspective,all Else the Same,a Longer-Term Loan

question 79

Multiple Choice

From a borrower's perspective,all else the same,a longer-term loan

• A)costs more in interest.
• B)increases the size of monthly payments.
• C)decreases the size of monthly payments so costs less in interest.
• D)is most cost effective in the long run.

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Definitions:

Olfactory

Relating to the sense of smell.

Fragrance

A scent or aroma, often used in products like perfumes and cosmetics to give them a pleasant smell.

Physiological Needs

Those relating to the basic biological necessities of life.

Maslow's Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchical order, from basic physical needs to self-actualization.