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finlep [7]
2 years ago
11

Why would a person choosing to take a line of credit want to choose one that charges simple interest

Physics
1 answer:
krok68 [10]2 years ago
8 0

Answer:

Lines of credit are unsecured loans. That means the bank is taking a huge risk. The bank has to be certain the borrower has a credit history that indicates (s)he will pay back the loan

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