Write True or False to the Statements Below

question 133

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-In the colonial period, Great Britain primarily controlled the northwest part of Africa.

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Definitions:

Fixed-rate Loan

A loan where the interest rate remains constant throughout the term of the loan, regardless of market fluctuations.

Variable-rate Loan

A loan where the interest rate can change over time, typically based on prevailing market interest rates or a benchmark index.

Term Insurance Policies

Life insurance policies that provide coverage at a fixed rate of payments for a limited period of time.

Borrowing Capacity

Borrowing capacity is the maximum amount of credit that a person or organization can obtain, determined by lenders based on the borrower’s financial health and credit history.