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:
C ( by suggesting there was a wealth and a variety of goods available in China)
Explanation: i took the quiz
Answer:
King John I
Explanation:
King John I may forever be known as a Bad King following that seminal history textbook 1066 and All That, but according to history authors, it is Henry VIII who should bear the title of the worst monarch in history
Answer:
America was moving towards an industrialized, modern, capitalist economy:
Industrialized because industry was becoming more important than agriculture.
Modern because scientific and engineering progress were being applied to industry in order to increase production and efficiency.
Capitalist because people were producing goods for profit, not just for mere survival.
