The rate of interest charged on _____ loans changes periodically in keeping with prevailing market conditions.
A) nominal-rate
B) standard-rate
C) variable-rate
D) fixed-rate
E) low-rate

Name: The rate of interest charged on _____ loans changes periodically in keeping with prevailing market conditions. A) nominal-rate B) standard-rate C) variable-rate D) fixed-rate E) low-rate
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Question

The rate of interest charged on _____ loans changes periodically in keeping with prevailing market conditions.
A) nominal-rate
B) standard-rate
C) variable-rate
D) fixed-rate
E) low-rate

Quizplus · Accepted Answer

Variable-rate loans have an interest rate that fluctuates based on market conditions.

The Rate of Interest Charged on _____ Loans Changes Periodically in Keeping