Examlex
The figure below is an example of which of the following?
Add-On Option
A feature that can be added to a financial product or service, often for an additional cost, providing extra benefits or coverage.
Fixed-Rate Mortgages
A type of mortgage where the interest rate remains the same throughout the term of the loan.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
Competitive Rate
An interest rate, price, or charge that is favorable compared to those offered by competitors.
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