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M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Edition 3ISBN: 0073524581M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Edition 3ISBN: 0073524581 Exercise 84
If the interest rate on a loan changes according to the daily average of the prime rate over the life of the loan, the interest rate is said to be
A. floating.
B. non-variable.
C. fixed.
D. sporadic.
E. flexible.
Explanation
Verified
Verified
A. floating. B. non-variable. C. fixed. ...
M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
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