Long-term notes may have
A) fixed rates of interest only.
B) floating interest rates only.
C) no interest rates.
D) fixed or floating interest rates.

Question

Long-term notes may have 
A) fixed rates of interest only.
B) floating interest rates only.
C) no interest rates.
D) fixed or floating interest rates.

Quizplus · Accepted Answer

Long-term notes can have either fixed or floating interest rates, depending on the terms agreed upon by the lender and borrower. Fixed rates remain the same throughout the term, while floating rates can change based on specified factors.

Long-Term Notes May Have