Practice Quiz

CLEP Economics Exam Prep

Category - Economics

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Which of the following is true of people with poor credit histories?
  1. They will earn higher rates of interest on savings accounts than people with good credit histories.
  2. They will earn lower rates of interest on savings accounts than people with good credit histories.
  3. They will be charged higher rates of interest on loans than people with good credit histories.
  4. They will be charged lower rates of interest on loans than people with good credit histories.
Explanation
Answer: C - They will be charged higher rates of interest on loans than people with good credit histories.
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