It was mentioned in Artilce I, Section 2
For a fixed-rate loan, the interest rate remains the same throughout the life of the loan. For a variable-rate loan, the interest rate changes based on the time of year.
Answer: Option A
<u>Explanation:</u>
Loan rates are classified into two types: Fixed and Variable. In Fixed loan rates the interest rate prevails the same throughout the loan's life. Variable loan rates are also called floating loan rates. This interest rate will oscillate based on the outstanding balance as well as market rates.
These rates will be changed periodically like monthly, quarterly, half-yearly or annual basis. Comparing to the fixed rate, it is harder to estimate the interest rate for the borrowers. It can be increased or even decreased based on the loan's life.
Right to a fair trial and a grand jury.
Some of the similar ways that medieval university and modern universities are: There were different structures from differente majors, it was arts, science, and engineering which is similar to te universities now. As well money ranks the better place you study. Rich people in those times had the posibility of studying with better teachers like now people who are wealthy go to Ivy League universities.
In addition, they also gave general studies like grammar and vocabulary which is still part of the general studies f your first two years of college.
