Economy, asked by bhavna4514, 10 months ago

What Is The Meaning Of Floor Rate Of 4%

Answers

Answered by Sachinarjun

0

Explanation:

An interest rate floor is an agreed-upon rate in the lower range of rates associated with a floating rate loan product. ... An interest rate floor is often present through the issuing of an ARM, as it prevents interest rates from adjusting below a preset level.

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