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Sometimes it may be better to use savings rather than borrow to make a purchase. This would be recommended when Select one: O a. the
Sometimes it may be better to use savings rather than borrow to make a purchase. This would be recommended when Select one: O a. the borrower has adequate savings. O b. interest rates are rising. O c the cost of borrowing is lower than the interest earned on the savings. O d. interest rates are falling. O e interest earned on savings is lower than the interest paid on the loan
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