8. Which of the following statements about the interest rate of consumer and
business loans are correct?
a. The business loan has higher interest than a consumer loan.
b. Consumer loan has a higher interest rate than a business loan.
c. Consumer loan and business loan are always equal in interest rates.
d. The business loan has no interest rate, unlike consumer loan.
business loans are correct?
a. The business loan has higher interest than a consumer loan.
b. Consumer loan has a higher interest rate than a business loan.
c. Consumer loan and business loan are always equal in interest rates.
d. The business loan has no interest rate, unlike consumer loan.
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Answer:
b.
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