Examlex
Which of the following should be done when the sender needs a quick response?
Fixed Rate
A constant interest rate for a loan or mortgage that remains unchanged for the entire term of the loan or for a set period.
Variable Rate
An interest rate that changes periodically over the lifetime of the loan based on an underlying benchmark or index.
Prime Rate
The interest rate that banks charge their most creditworthy customers, often used as a benchmark for other loans.
Risk Profile
An assessment of an entity's or individual's willingness to take risks, as well as the threats to which they are exposed.
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