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Sagot :
Answer:
C. allows a person to borrow more money at a lower interest rate.
Explanation:
Ap3x
One advantage of a long-term loan compared to a short-term loan is that a long-term loan allows a person to borrow more money at a lower interest rate.
What do you mean by loan?
A loan refers to the money that needs to be paid back with the interest amount.
The major advantage of a long-term loan compared to a short-term loan is that a long-term loan allows a person to borrow more money at a lower interest rate.
Therefore, C is the correct option.
Learn more about loans here:
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