Question: What is the difference between adjustable rate mortgages and floating rate loans? Group of answer choices Floating rate loans do not exist. Floating risk loans

What is the difference between adjustable rate mortgages and floating rate loans?
Group of answer choices
Floating rate loans do not exist. Floating risk loans do, and they are a type of adjustable rate mortgages.
Adjustable rate mortgages are only used in the South, and floating rate loans are only used in the North.
There is no difference. The two are exactly the same.
Adjustable rate mortgages are used to finance single-family residences, while floating rate loans are used to finance commercial properties.

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