Many home mortgages in recent years have been made with variable interest rates. Typically, the interest rate

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Many home mortgages in recent years have been made with variable interest rates. Typically, the interest rate is adjusted once a year on the basis of current interest rates on government bonds. How do variable interest rate loans protect creditors from the effects of unexpected inflation?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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