what best determines whether a borrowers interest rate on an adjustable rate loan goes up or down?\n a fixed…
what best determines whether a borrowers interest rate on an adjustable rate loan goes up or down?\n a fixed interest rate\n a banks finances\n a markets condition\n a persons finances
Answer
Answer:
C. a market's condition
Brief Explanations:
Adjustable - rate loans' interest rates are tied to market - based indices. Market conditions such as changes in economic factors and central bank policies influence these indices, thus determining whether the borrower's interest rate goes up or down.