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ehidna [41]
4 years ago
11

A traditional loan has a variable interest rate. a. True b. False

Business
1 answer:
sattari [20]4 years ago
5 0
The statement "a traditional loan has a variable interest rate" is going to be false. A traditional loan is also known as a conventional loan. This type of loan will most likely have a low-interest rate. They come with a  variety of loans such as adjustable rate mortgages or fixed rate mortgage. The correct answer is False. 
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