what best determines whether a borrowers interest rate on an adjustable rate loan goes up or down?\no a…

what best determines whether a borrowers interest rate on an adjustable rate loan goes up or down?\no a fixed interest rate\no a banks finances\no a markets condition\no a persons finances

what best determines whether a borrowers interest rate on an adjustable rate loan goes up or down?\no a fixed interest rate\no a banks finances\no a markets condition\no 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 like changes in economic factors and interest rate trends determine whether the rate goes up or down. Fixed interest rates are not relevant as they don't change. A bank's or a person's finances don't directly determine the rate movement of an adjustable - rate loan.