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Question 17 What Is an Interest Rate That Rises and Falls with Market Rates of Interest Called? Select the Correct Answer from the

Question

Question 17 What is an interest rate that rises and falls with market rates of interest called? Select the correct answer from the options listed below Floating rate Semi-fixed rate Stepped rate Freedom rate 4 pts

Answer

4.6 (210 Votes)
Verificación de expertos
Maisy Professional · Tutor for 6 years

Answer

Floating rate

Explanation

## Step1: We need to identify the type of interest rate that changes with changes in market rates of interest. The terminology in economics and finance recognizes interest rates that fluctuate with market changes as "Floating" or "Variable" rates.