Arate loan is one in which the interest rate charged on the balance fluctuates as market interest rates change, resulting in payments that may change from month to month.

An __ADJUSTABLE__ rate loan is one in which the interest rate charged on the balance fluctuates as market interest rates change, resulting in payments that may change from month to month.

The correct answer is: " a variable interest rate".

The interest rate is the price established by the banks and other lending institutions in exchange for lending money to economic agents. It is usually expressed as a percentage and it is applied to the total amount lent, also denominated the principal of the loan. Economic agents that borrow funds, at the end of the transaction, will have to return the principal of the loan (the total amount borrowed) plus pay the total interest payment.

The interest rate can be either fixed or variable. Fixed interest rates remain constant along the life of the underlying loan while variable rates change according to market fluctuations, affecting interest payments from month to month.

c ig

explanation:

where is the options

not  

cuba  

russia  

iraq  

el salvador  

explanation:

known as the land of volcanoes, el salvador has visit seismic tremors and volcanic movement. it is the main nation in central america that does not have a coastline on the caribbean sea. about portion of all salvadorans live in the wide open. they are poor and don't have power or running water in their homes. in 1525, pedro de alvarado, a lieutenant of cortés's, vanquished el salvador. el salvador, with alternate nations of central america, pronounced its freedom from spain on sept. 15, 1821, and was a piece of a league of central american states until the point when that association broke up in 1838.