Since the Future Holds More Uncertainty Over Longer Periods of Time

question 79

Multiple Choice

Since the future holds more uncertainty over longer periods of time, lenders generally want a:

• A) higher interest rate for loans over a longer period.
• B) lower interest rate for loans over a longer period.
• C) higher interest rate for loans over a shorter period.
• D) constant interest rate for loans over the period of the loan.

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Definitions:

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