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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