Discussion :: IBPS BANK EXAM TEST 7
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What are teaser loans?
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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 very less and increases steeply in later years |
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D.
Rate of interest in the later years goes down substantially |
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E.
None of these |
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Answer : Option C
Explanation :
Rate of interest in the initial period is very less and increases steeply in later years
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