Which statement is incorrect? (a) it is cheapest to borrow where the apr is lowest. (b) it is always cheapest to pay cash. (c) the cost of credit is the same everywhere. (d) the cost of borrowing increases as the time period for repayment is lengthened.
1) it is cheapest to borrow where the apr is lowest
2) it is always cheapest to pay cash
3) the cost of credit is the same everywhere
4) the cost of borrowing increases as the time period for repayment is lengthened
