What Type of Loan Has an Interest Rate That Fluctuates

question 68

Multiple Choice

What type of loan has an interest rate that fluctuates?

• A) Fixed installment loan.
• B) Variable installment loan.
• C) Personal loan.
• D) All loans have a fixed interest rate.

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Definitions:

Future-Oriented

A perspective or approach that focuses on planning, forecasting, and preparing for upcoming changes, challenges, and opportunities.

Career Progression

Career progression involves the advancement or upward movement in one's professional life, through promotions, learning new skills, or changing roles.

Management-By-Objectives

A managerial strategy where employees and managers collaborate to set, monitor, and achieve specific objectives within an organization.

Behavioural Observation

The method of recording the behavior of individuals or groups within set environments, primarily used for research, study, and analysis in various fields.