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If You Have a _____ Rate Loan and You Felt

Question 274

Multiple Choice

If you have a _____ rate loan and you felt that interest rates are going to _____, you should consider purchasing an interest rate collar.


A) fixed; rise
B) fixed; fall
C) variable; rise
D) variable; fall
E) variable; change but you don't know the direction of the change

Correct Answer:

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