An interest rate that is low for only a short period of time is called:
A) a teaser rate.
B) an annual percentage rate.
C) a balloon payment.
D) a balance transfer fee.

Name: An interest rate that is low for only a short period of time is called: A) a teaser rate. B) an annual percentage rate. C) a balloon payment. D) a balance transfer fee.
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Question

Quizplus · Accepted Answer

A teaser rate is a low introductory interest rate offered for a short period to attract borrowers.

An Interest Rate That Is Low for Only a Short