melynm22 melynm22

01-06-2020
Business

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TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate

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lindseybooth5 lindseybooth5

01-06-2020

Answer: Lower interest rate are better. Higher interest rate is worse

Explanation:

A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.

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