Answer:
The correct answer is A)There is a greater risk that a longer-term loan will not be repaid.
Explanation:
Longer-term loans usually have higher interest payments than short-term longs, the reason is, as stated in the answer, that the longer the loan, the higher the risk that the borrower will not be able to repay the complete loan, interest included.
For example, a 10 year mortgage is cheaper than a 40 year mortgage because a lot more things can happen in 10 years than in 40 years that might affect the loan. In the span of 40 years the borrower could even die.
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Answer:
Explanation:
Spanish successes in the Caribbean attracted the attention of other European nations. Like Spain, France was a Catholic nation and committed to expanding Catholicism around the globe. In the early sixteenth century, it joined the race to explore the New World and exploit the resources of the Western Hemisphere. In 1534, navigator Jacques Cartier claimed northern North America for France, naming the area around the St. Lawrence River New France. Like many other explorers, Cartier made exaggerated claims about the area’s mineral wealth and was unable to send great riches back to France or establish a permanent colony.
