Variable Rate Loans Are Desirable If Interest Rates Are Expected

question 43

True/False

Variable rate loans are desirable if interest rates are expected to increase over the course of the loan.

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Definitions:

Phenotype

The set of observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Allele

A variant form of a gene that arises by mutation and is found at the same place on a chromosome.

Genotype

The genetic makeup of an organism, composed of both visibly expressed and non-expressed genes.

Gamete

An adult haploid germ cell from either male or female that can merge with one from the opposite gender during sexual reproduction to create a zygote.