12
QuizMultiple Select

3.7 How Credit Works

Question 12 • TX-Personal Financial Literacy and Economics

What does the value of collateral or down payment affect? Check all that apply.the amount borrowedthe interest ratethe lender’s perceived riskthe repayment schedulethe credit cards available

Answer
A
the amount borrowed
B
the interest rate
C
the lender’s perceived risk
D
the repayment schedule
E
the credit cards available
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