AnswersOC27 Economics-2102310-Sem-MeadowsBanking: How to Manage Your MoneyQuestion 3
3
AssignmentMultiple Choice

Banking: How to Manage Your Money

Question 3 • (OC27) Economics-2102310-Sem-Meadows

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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