The Interest Rate on a VRM May Be Adjusted

question 64

Multiple Choice

The interest rate on a VRM may be adjusted

• A)only when prime rate moves higher.
• B)only on the expiry of the term.
• C)only when prime rate moves lower.
• D)any time the prime rate changes.

---

Definitions:

Interact

To communicate or act together in a way that influences each other, usually in a social context.

Intercultural Communication

The process of exchanging meaningful and unambiguous information between individuals from different cultural backgrounds.

Miscommunication

The failure to convey or understand a message correctly between parties, leading to confusion, misunderstanding, or conflict.

Dominant Cultures

The culture of the predominant social group within a society, which often sets the norms, values, and standards for others.