Multiple Choice
Patricia Newton is going to buy a new car, and she needs to apply for a loan to cover the purchase. She knows she can get a loan for up to 6 years, but she would prefer a shorter-term loan. She selects a 4-year loan. Patricia reducing her lender's risk by:
A) sharing the interest rate risk.
B) pledging collateral.
C) paying a larger cash deposit.
D) repaying the loan faster.
E) sharing inflation risk with her lender.
Correct Answer:
Verified
Correct Answer:
Verified
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