The majority of consumer loans are set up with fixed interest rates.

Name: The majority of consumer loans are set up with fixed interest rates.
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This is generally true as fixed interest rates provide borrowers with a predictable payment amount over the life of the loan, making it easier to budget and plan for repayment. However, there are some types of consumer loans, such as certain types of credit cards or personal lines of credit, that may have variable interest rates.

The Majority of Consumer Loans Are Set Up with Fixed