Question on: SS2 Accounting - Loan Capital: Interest
How does a higher interest rate affect the cost of borrowing?
View related lesson
A
It increases the total cost of borrowing
B
It decreases the total cost of borrowing
C
It has no effect on the total cost of borrowing
D
None of the above
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses