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.
The customs of the groups that settled in North Carolina was that<em> B. They were </em><em>typically European Protestants </em><em>that </em><em>focused on agriculture.</em>
<em />
North Carolina was founded by the English in order to make more profit from colonizing the New World much like they had done in the Colony of Virginia.
This was why <u>North Carolina's economy focused on:</u>
- <em>tobacco </em>
- <em>lumbering </em>
- <em>cotton farming </em>
Due to it being the English who established it, North Carolina saw an influx of English settlers came to North Carolina.
At the time, most English people had become Protestants and so we can conclude that most immigrants to North Carolina in the 1700s were Protestants who wanted to farm to make profit.
<em>Find out more at brainly.com/question/5567051. </em>
Answer:
• Worship of the same gods
• Common language
Answer:
Answer: C
Explanation:Equilibrium is achieved in a market when the quantity demanded is equal to quantity supplied. When these two variables are equal, then the market price is equal to equilibrium price.
When quantity demanded is more than quantity supplied, there will be excess demand and deficit in supply. In this case, the market price will increase till equilibrium is achieved.
Similarly, when there is excess of supply, then the price will fall till it reaches equilibrium.
Explanation:
