Question

Which of the following is a benefit of fixed interest rates for borrowers?(1 point) Responses Fixed interest rates are initially lower than variable interest rates. Fixed interest rates are initially lower than variable interest rates. Fixed interest rates are as easy for borrowers to budget as variable interest rates. Fixed interest rates are as easy for borrowers to budget as variable interest rates. Fixed interest rates are easier for borrowers to budget than variable interest rates. Fixed interest rates are easier for borrowers to budget than variable interest rates. Fixed interest rates are more likely to decrease and save borrowers money than variable interest rates.

Answer 1

Fixed interest rates are as easy for borrowers to budget as variable interest rates.