One advantage of a long-term loan compared to a short-term loan is that a long-term loan:
O A. can be paid off in full without the borrower paying any interest.
B. allows a person to borrow more money at a lower interest rate.
C. does not force the borrower to make payments every month.
D. does not require the borrower to have a good credit score.
SUBA

A

Explanation:

because of the short term maturity rate

the committees of correspondence were the american colonies’ means for maintaining communication lines in the years before the revolutionary war. in 1764, boston formed the earliest committee of correspondence to encourage opposition to britain’s stiffening of customs enforcement and prohibition of american paper money. the following year, new york formed a similar committee to keep the other colonies notified of its actions in resisting the stamp act. in 1773, the virginia house of burgesses proposed that each colonial legislature appoint a committee for intercolonial correspondence. the exchanges that followed built solidarity during the turbulent times and bring about the formation of the first continental congress in 1774.