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Lenders Generally Want a Higher Interest Rate to Compensate Them

question 38

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Lenders generally want a higher interest rate to compensate them when loans stretch over a longer period because:


Definitions:

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Collective Mark

A trademark or service mark used by members of a collective group to identify the services or goods they provide with a certain level of quality or accuracy.

Certification Mark

A symbol, word, or phrase legally registered or established by use as representing a company or product's certification of quality, accuracy, or origin.

Service Mark

A symbol, word, or phrase legally registered or established by use as representing a company or product in the service sector.

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