American_Bankers_Association
CTFA · Question #340
CTFA Question #340: Real Exam Question with Answer & Explanation
The correct answer is C. If he went to a state college rather than a private college. See the full explanation below for the reasoning.
Question
Doug must borrow $12,000 to complete his college education. Which of the following would NOT be likely to reduce the finance charge rate?
Options
- AIf his parents took out an additional mortgage on their house for the loan
- BIf the loan was insured by the federal government
- CIf he went to a state college rather than a private college
- DIf his parents co-signed the loan
Community Discussion
No community discussion yet for this question.