Question

    What is true about the teaser loan rates charged by

    banks?
    A Fixed rate of interest charged by banks Correct Answer Incorrect Answer
    B Floating rate of interest charged by banks Correct Answer Incorrect Answer
    C Rate of interest in the initial period is less Correct Answer Incorrect Answer
    D Rate of interest in the initial period is more and it goes down subsequently. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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