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.
It was the <span>Gulf of Tonkin Resolution after the Gulf of Tonkin Incident happened. </span>
Quakers settled in Pennsylvania...founder of William Penn William Penn was the absolute proprietor of Pennsylvania (he held the royal charter) and had pronounced religious tolerance for all. Other colonies were often religiously linked and intolerant of religious views outside narrow limits.
He welcomed Catholics and Quakers among others. Because the Colony was established as a refuge for European Quakers. Pennsylvania was a favorable place to settle: climate, land, port and government. Philadelphia was at the time the best developed city in the continent.
Because the Colony was established as a refuge for European Quakers.
You see, William Penn was a friend of king Charles the second and the king did not want to kill William Penn for being a quaker. So he basicly gave him a grant to find land so he would escape persicution. Then have a place for religious freedom.
hmm thats a tough one because an effective leader would need a little of both to know what to do in the times of crisis and then follow through with his plan.
