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Question 3 O Mark this question Which of the following statements is true of interest? O Individuals who have a steady job and high income

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Question 3 O Mark this question Which of the following statements is true of interest? O Individuals who have a steady job and high income pay more interest on loans than those who earn a lower income. O Interest is paid by the lender. O Interest is paid by the borrower. O All types of loans have the same interest rate irrespective of the reason behind the loan

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