Question: With a floating-rate note, the interest rate on the note changes ________. Group of answer choices when bank profits changes when the risk level of

With a floating-rate note, the interest rate on the note changes ________.

Group of answer choices

when bank profits changes

when the risk level of the borrower changes

when the demand for loans change

when the prime rate changes

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!