Multiple Choice
Which of the following statements is not true?
A) You should use all of your liquid assets to pay off loans.
B) Paying off loans is appropriate when the interest rate is relatively high.
C) Paying off loans is wise when the expected rate you will earn on investments is lower than the interest rate on the loan.
D) Loan payments you make restrict your spending and saving and may prevent you from achieving financial goals.
Correct Answer:
Verified
Correct Answer:
Verified
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