Answers Personal Finance - EL3403 Managing Financial InformationQuestion 2

2

AssignmentMultiple Choice

Managing Financial Information

Question 2 • Personal Finance - EL3403

If the loan company does approve Lesley’s loan, what provision is likely to be part of the loan agreement?

Answer

A

Lesley will have to meet with a financial adviser.

B

Lesley will be required to submit a monthly credit report.

C

Lesley will have to pay a higher interest rate.

D

Lesley will default on the loan after one late payment.

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