With a Floating-Rate Note, the Interest Rate on the Note

question 31

Multiple Choice

With a floating-rate note, the interest rate on the note changes ________.

• A) when the risk level of the borrower changes
• B) when the prime rate changes
• C) when the demand for loans changes
• D) when bank profits changes

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Federal Medicaid

A United States health program that assists low-income individuals and families by covering medical costs.