The middle class was different after the industrial revolution than it was before because prior to the Industrial Revolution, Europe had a small middle class. Following the Industrial Revolution, the middle class greatly grew.
After the industrial revolution, the lower classes were been able to "rise up" economically by getting new jobs in factories, thus much of the lower class entered the middle class.
After the Invasion of france, they would launch them off the west coast of france. This would help them get to most of the western and southern countrys borders to stop convoys
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 is true... is it a select all that applies question?
