Question: Part II: Reflection 1. Why do people sometimes use credit to pay for items instead of just using cash? 2. When applying for credit, is

Part II: Reflection 1. Why do people sometimes use credit to pay for items instead of just using cash? 2. When applying for credit, is it preferable to receive a low interest rate or a high interest rate? 3. Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower

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