26
practice examMultiple Choice

Practice Exam

Question 26 • Personal Finance

Part A: What increases loan cost over time?

Answer
A
FAFSA
B
grants
C
scholarships
D
interest accumulation

Explanation

Interest is the cost of borrowing money, and it can accumulate on a loan over time. This increases the amount the borrower must repay, so the answer is interest accumulation.

AI-written and checked against the verified answer.

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