Which is true of variable-rate loans?(1 point) 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 interest rate can fall below 0. The interest rate can fall below 0. The rate can only go up. The rate can only go up. The rate can only go down.

Question

Which is true of variable-rate loans?(1 point) 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 interest rate can fall below 0. The interest rate can fall below 0.  The rate can only go up. The rate can only go up.  The rate can only go down.

GPT 3.5 · Answer

The rate can go up or down, depending upon the index it is tied to.