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      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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