changes in interest rates can cause both pleasant and unpleasant results. how does an increase in interest…

changes in interest rates can cause both pleasant and unpleasant results. how does an increase in interest rates impact car loans? choose 1 answer: a it makes financing a car cheaper. b it makes financing a car more expensive. c it does not affect financing a car. d rates will be lowered on existing car loans.

changes in interest rates can cause both pleasant and unpleasant results. how does an increase in interest rates impact car loans? choose 1 answer: a it makes financing a car cheaper. b it makes financing a car more expensive. c it does not affect financing a car. d rates will be lowered on existing car loans.

Answer

Answer:

B. It makes financing a car more expensive.

Brief Explanation:

When interest rates increase, the cost of borrowing money for a car loan rises, making it more expensive for consumers to finance a car.