5/22
star
star
star
star
star
Last updated over 5 years ago
1 question
1
Interest rates represent the amount a borrower must pay for the use of money from a lender. Short-term interest rates are frequently associated with loans of less than one year in duration; long-term interest rates are frequently used with loans of ten years or more.
Which type of borrower would MOST likely be interested in long-term interest rates?
Interest rates represent the amount a borrower must pay for the use of money from a lender. Short-term interest rates are frequently associated with loans of less than one year in duration; long-term interest rates are frequently used with loans of ten years or more.
Which type of borrower would MOST likely be interested in long-term interest rates?