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MAINS LEVEL PUZZLE👆
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🌸What is Fixed Rate ?
💁♂A fixed rate is when the rate of interest for a loan remains constant throughout the entire tenure.
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🌸What is Floating Rate ?
💁♂Opposite of fixed rate, a floating rate of interest are interest rates that change during the tenure of the loan. These interest rates change as per the changes of interest rates in the economy.
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MAINS LEVEL PUZZLE👆
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MAINS LEVEL PUZZLE👆
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