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.
Answer:
all except fascist government
Governments with autocratic attributes are ruled by one person who has all the power over the people in a country. The Roman Republic made Dictators to lead during times of war. In modern times, an Autocrat's rule is not stopped by any rules of law, constitutions, or other social and political institutions.
Explanation:
Answer: Iwasaki Yataro ... both foreigners and Japanese must be permitted to engage in coastal trade, but once we look into the question of advantages, we know that coastal trade is too important a matter to be given over to the control of foreigners ... I have thought about this problem very carefully and have come to one conclusion ...
Explanation: Your Welcome
