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28 February, 07:00

A traditional loan has a variable interest rate.

a. True

b. False

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Answers (1)
  1. 28 February, 07:24
    0
    The statement "a traditional loan has a variable interest rate" is going to be false. A traditional loan is also known as a conventional loan. This type of loan will most likely have a low-interest rate. They come with a variety of loans such as adjustable rate mortgages or fixed rate mortgage. The correct answer is False.
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