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In Business / College | 2025-07-07

When taking a loan from the bank, the borrower must first consider
A. the interest rate and payment terms
B. the inflation rates in the country
C. the budget for the nuclear family
D. his or her anticipated income

Asked by isaactenin05

Answer (1)

The borrower must primarily consider the interest rate and payment terms when taking a loan from the bank. While other factors, such as inflation and income, are important, they are secondary to understanding the specific conditions of the loan. Focusing on interest rates and payment terms helps in making informed financial decisions. ;

Answered by GinnyAnswer | 2025-07-07

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