Discussion :: IBPS BANK EXAM TEST 6
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what are teaser loan rates charged by banks?
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A.
Fixed rate of interest charged by banks |
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B.
Floating rate of interest charged by banks |
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C.
Rate of interest in the initial period is less and goes up subsequently |
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D.
Rate of interest in the initial period is more and it goes down subsequently |
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E.
None of these |
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Answer : Option C
Explanation :
Rate of interest in the initial period is less and goes up subsequently
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