Anita was not happy with the banks interest rate policy They offered a fixed rate on all loans
while she wanted a _________ rate
a)moving
b) floating
c) free
d) market
Answers
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6
Answer:
The answer is - b) floating...
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0
Answer:
Anita was not happy with the bank's interest rate policy They offered a fixed rate on all loans while she wanted a _Floating_ rate
Explanation:
The statement reflects on what Anita was given and what she wanted instead.
She was given a fixed rate on her loan.
The opposite of fixed or constant rate is floating/variable.
Hence, the correct answer is Floating.
The floating rate changes periodically. This variation is according to the market scenario.
It is usually offered at a lesser value than the fixed rate.
Floating interest rates can increase or decrease in the future, with time and market scenarios.
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