miag3667 miag3667

06-06-2024
Business

Answered

What factors determine interest rate? (SELECT ALL THAT APPLY)
Mortgage
Employment history
Relationship with financial institution
Co-signer
Debt

Answer :

GinnyAnswer GinnyAnswer

06-06-2024

Final answer:

Interest rates are influenced by credit history, economic conditions, and the relationship with the lender.

Explanation:

Interest rates are determined by various factors that include the borrower's credit history, economic conditions, and relationship with the lender. Lenders assess the risk associated with the loan based on these factors to set an appropriate interest rate.

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