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.
D.stated Lower Basin states could use......,.........entered the Colorado River..
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Answer:
During the stock crash, most people were trying to trade the stocks, mostly to sell overpriced stock that had lost a great amount of value in only a few days.
Unfortunately for most of them, these stocks still lost a great amount of value, which meant that they lost a lot of money. Billions of dollars of market value were wiped out in a single day, leading to thousands of people to financial ruin, and starting a period of economic recession known as the Great Depression.
