Lending rates vary for different borrowers based on factors like risk and loan duration.
False: The lending rate is not the same for all borrowers. Different borrowers face different interest rates based on factors such as riskiness of the loan and loan duration. For example, credit card interest rates are typically higher than mortgage rates, and established companies can borrow at lower rates than start-ups due to risk considerations.
https://brainly.com/question/25198369