One advantage of a variable interest rate over a fixed interest rate is that a

variable rate:

A. is often lower initially

B. offers borrowers more flexible terms.

c. can be used for large purchases.

D. increases when the market rate increases

The term variable implies that the rate is bound to change over time, in this context variable interest rate may double as an Advantage and also as a disadvantage.

D. increases when the market rate increases

Variable interest rate is advantageous because as the market rate increases, the rate at which the customer will receive his/her interest will increase too

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tenmarker85710 tenmarker85710 · Answer 2 · 2022-02-24T19:41:50+01:00

tenmarker85710 tenmarker85710

24-02-2022

Answer: a

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One advantage of a variable interest rate over a fixed interest rate is that a variable rate: A. is often lower initially B. offers borrowers more flexible terms. c. can be used for large purchases. D. increases when the market rate increases

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One advantage of a variable interest rate over a fixed interest rate is that a

variable rate:

A. is often lower initially

B. offers borrowers more flexible terms.

c. can be used for large purchases.

D. increases when the market rate increases