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Which factor or factors listed below are external influences on a loan’s interest rate?

I. the borrower’s credit history
II. the length of the loan
III. the federal funds rate
a.
I and II
b.
I and III
c.
II and III
d.
III only


Please select the best answer from the choices provided

A
B
C
D

Answer :

ayfat23

The factor that influences loan’s interest rate is D. the federal funds rate.

What is interest rate?

The interest rate can be regarded as the amount  that us been charged by lender on a borrower which is usually some percentage of the principal.

One of the factor that influences loan’s interest rate is the federal funds rate because this can make loan to easy to access.

Learn more about interest rate at:

https://brainly.com/question/14997152

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