Which One of the Following Statements Is Correct About a Floating

question 7

Multiple Choice

Which one of the following statements is correct about a floating interest rate loan if the interest rate is defined as "Prime plus 1 percent"? The interest rate:

• A) is set to vary at a rate equal to the prime rate plus 1 percent.
• B) can fluctuate up to a maximum of 1% above the current prime rate over the life of the loan.
• C) will be fixed at the current prime rate plus 1 percent.
• D) will vary with the prime rate but changes will only occur in 1 percent intervals.

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STI

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Erectile Disorder

A sexual dysfunction characterized by the inability to develop or maintain an erection during sexual activity.

Department Stores

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