Question

The finance charge you will pay in dollars is the only thing you need to know about a loan.

A. true

B. false

Answer 1

B

There is more to know, cause the finance charge isnt the only thing in a loan

Answer 2

Answer: This statement is "False."

Explanation:

False, the finance charge he will pay in dollar is not the only thing he needs to know about a loan.

An individual should know about the loan are as follows:

1) Interest rate on loan

2) Period of loan

3) How much collateral security he needs to show against the loan.