Most state and local government programs usually have ______ interest rates than conventional loans, often with ______ maturities.

A) higher; longer
B) higher; shorter
C) lower; longer
D) lower; shorter

Most state and local government programs are designed to encourage certain types of investments or activities, and as such, they typically offer lower interest rates than conventional loans to make these programs more attractive. Additionally, they often come with longer maturities to provide ample time for the investment to mature and for the borrower to repay the loan.