Which of the following statements is true regarding loans and borrowers?
a) high-risk borrowers pay lower interest rates
b) mortgage loans are usually short-term loans
c) low-risk borrowers pay less for credit
d) all lenders charge about the same interest rate

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.