What does it mean if a loan has a variable interest rate?
A) The rate will steadily rise over the life of the loan.
B) The rate will steadily fall over the life of the loan.
C) The rate can rise and fall over the life of the loan.
D) The rate will remain constant for the life of the loan.
Correct Answer:
Verified
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A) the state government.
B)
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A)
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