the graph shows changes in interest rates since 1975. average interest rate for a 30-year, fixed-rate…

the graph shows changes in interest rates since 1975. average interest rate for a 30-year, fixed-rate mortgage. what best sums up the information shown on the graph? interest rates can go up and down. interest rates can only go down. interest rates can only go up. interest rates show little change over time.

the graph shows changes in interest rates since 1975. average interest rate for a 30-year, fixed-rate mortgage. what best sums up the information shown on the graph? interest rates can go up and down. interest rates can only go down. interest rates can only go up. interest rates show little change over time.

Answer

Brief Explanations:

The graph of average 30 - year fixed - rate mortgage interest rates since 1975 shows that rates first rose (from 1975 to around the peak), then fell, and had some fluctuations. This indicates that interest rates are not just going up or just going down, and there are significant changes over time. So the statement "Interest rates can go up and down" best sums up the information. The other options are incorrect: "Interest rates can only go down" is wrong as rates rose initially; "Interest rates can only go up" is wrong as rates fell after the peak; "Interest rates show little change over time" is wrong as there are large fluctuations.

Answer:

A. Interest rates can go up and down.