1
QuizMultiple Choice

Workplace Types and the Economy

Question 1 • CR19262 Managing Personal Finance

When interests rates are high, it costs less money to borrow money.

Answer
A
T
B
F

Explanation

The statement is false: higher interest rates make borrowing more expensive because a borrower must pay more interest on the amount borrowed. Therefore, the correct choice is F (choice B).

AI-written and checked against the verified answer.

Next