Responses
The rate can go up or down, depending upon the index it is tied too.
The rate can go up or down, depending upon the index it is tied too.
The rate can only go down.
The rate can only go down.
The rate can only go up.
The rate can only go up.
The interest rate can fall below 0.
The interest rate can fall below 0.
1 answer
The statement that is true of variable-rate loans is:
The rate can go up or down, depending upon the index it is tied to.
Variable-rate loans, also known as adjustable-rate loans, typically have interest rates that fluctuate based on a specified index, which can result in the rate increasing or decreasing over time.
