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One advantage of a short-term loan compared to a long-term loan is that a short-term loan: O A. accumulates less total interest than a long-term loan. O B. does not require the borrower to have a good credit score. OC. has a lower interest rate than a long-term loan. O D. can be taken out from institutions other than banks.

please help!!!!!​ I need an answer

Respuesta :

Answer:

A. accumulates less total interest than a long-term loan.

Explanation:

One advantage of a short-term loan compared to a long-term loan is that a short-term loan accumulates less total interest than a long-term loan. Therefore, (A) is the correct option.

What is a short-term loan?

Short-term loans are those made with little to no security and with repayment terms of one year or less, or even only a few weeks or months. Credit cards, bank overdrafts, and trade credit are some examples.

A short-term loan has the benefit of accruing less total interest over its period than a long-term loan, which is one advantage.

Therefore, (A) is the correct option.

To know more about the short-term loan, visit the link below:

https://brainly.com/question/20099257

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