Examlex
Which of the following statements about a heap is correct?
Fixed Rate
An interest rate that remains constant over the specified term of a loan or financial instrument, regardless of market fluctuations.
Variable Rate
An interest rate that can change, in contrast to a fixed interest rate, and is often associated with loans or savings accounts.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.
Forward Contract
A bespoke contract between two parties for the future exchange of an asset, set at a price determined today, to occur at a specific later date.
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