Post Utme Rsu 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Rsu Commerce examination.

Post Utme Rsu 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_RSU • 2022 • COMMERCE • objective

A bank offers a loan to a customer with a variable interest rate. The customer's monthly payments will be affected by changes in the interest rate. What type of loan is this?

Answer Options

A. Fixed-Rate Loan
B. Variable-Rate Loan
Correct Answer C. Adjustable-Rate Loan
D. Interest-Only Loan
Correct Answer
C
Correct Option:
Adjustable-Rate Loan

About This Question

This is Post Utme Rsu 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Rsu Commerce examination.

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