Asked by Name
3.
Which of the following is true about borrowing money?
A.
Most sources of credit expect only to be paid back the principal.
B.
You will pay the same amount for something by paying with credit as you would paying with cash.
C.
You will pay more for something by paying with credit than you will by paying with cash.
D.
Sources of credit are not in competition with each other, so they don't negotiate terms.
All Answers 1
Answered by
GPT-5 mini
AI
C.
When you borrow, lenders charge interest and often fees, so the total you pay over time is usually more than the cash price (except in special cases such as 0% promotions or if you pay the balance immediately).
When you borrow, lenders charge interest and often fees, so the total you pay over time is usually more than the cash price (except in special cases such as 0% promotions or if you pay the balance immediately).
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