Which of the Following Is a Characteristic of a Fixed

question 38

Multiple Choice

Which of the following is a characteristic of a fixed rate business loan?

• A) The interest rate may be converted to a variable rate after the initial period expires.
• B) The term of the loan is usually up to 25 years.
• C) All of these options are characteristics of a fixed rate business loan.
• D) The loan may be unsecured, secured with entity assets, or secured with residential property.

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Definitions:

Environmental Pollution

The contamination of the natural environment by human activities, leading to harmful effects on living organisms and ecosystems.

GI Bill

A law passed in 1944 that provided a range of benefits for returning World War II veterans, including educational grants, home loan guarantees, and unemployment compensation.

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The fee that colleges and universities charge for instruction and attendance.

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Mortgage loans offered to borrowers at rates lower than the typical market interest, often supported by government programs to encourage home ownership.