Question

as a borrower, you want to pay ______.

○ a high interest rate

○ a low interest rate

○ a varying interest rate

○ any of the above

Explanation:

A borrower pays interest on the amount borrowed. A low interest rate reduces the total cost of borrowing, making it financially favorable compared to high or varying rates (which carry uncertainty). Thus, borrowers prefer low interest rates.

Answer:

a low interest rate