BUSINESS FINAL EXAM QUIZ 17

BUSINESS FINAL EXAM  QUIZ 17

 (TCO 3) Newton Jones made a 20% down payment of $15,000 on a new car. This is an example of _____ in order to reduce lender risk. (Points : 4)
       sharing the interest rate risk with his lender
       pledging valuable assets that can be seized if the loan is not repaid
       taking a larger stake in the asset he is purchasing
       repaying the loan over a faster period of time
       None of the above

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