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.
If you can pick more than one, almost all of these are true (A, D, E). The ones that ARE NOT true would probably be: (B) Congress did not embark on a $1.6 trillion dollar expansion of the military, AFAIK. Military spending definitely rose, but the national debt rose by roughly that much due to the deficits created by the new budgets as a result of everything else -- not just the military. (C) is definitely not true, either; Reagan cut taxes for the highest tax tiers while closing loopholes, exemptions, and raising taxes on the lower tiers. If you were middle to lower class in terms of economics, you were hit.
The Muckrakers were a group of journalists and writers that provided an important spark and ignited the Progressive movement. They were interested in exposing the problems in American society and urged the public to identify solutions.
They helped initiate the Progressive Era by analyzing if those bad conditions were linked to corrupt politics, poor working conditions in factories, bad living conditions of the working class and others.
They sparkled this analysis into people who read the newspapers and that wanted to change for their lives and because of that, an agenda was created.
