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Borrowing Costs Quiz

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Questions and Answers

What is included in borrowing costs?

Interest on bank overdrafts and borrowings (correct)

Interest on savings accounts

Interest on personal loans

Interest on credit cards

What types of borrowings are included in borrowing costs?

Mortgages only

Short term and long term borrowings (correct)

Credit card debt only

Personal loans only

What are finance charges related to in borrowing costs?

Assets purchased outright

Assets acquired through a loan

Assets acquired under finance leases or under any other similar arrangement (correct)

Assets acquired through a lease agreement

Borrowing Costs Quiz

Choose a study mode

Podcast

Questions and Answers

What is included in borrowing costs?

What types of borrowings are included in borrowing costs?

What are finance charges related to in borrowing costs?

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