Asked by Jamye
Variable rate loans typically have a 1)________ interest rate than fixed rate loans because with variable rate loans, the borrower assumes the risk that the interest rate might 2)_________.
a. Higher, Increase
b. Lower, Increase
c. Higher, Decrease
d. Lower, Decrease
I pick c.
a. Higher, Increase
b. Lower, Increase
c. Higher, Decrease
d. Lower, Decrease
I pick c.
Answers
Answered by
Henry
The answer is b.
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