Question 4 of 10
A fixed interest rates is generally a better option than a variable rate in which
situation?
A. A business owner is seeking a short-term loan to cover
emergency expenses and expects to pay it off quickly.
B. A married couple is seeking a 30-year mortgage for a house that
they plan to live in for a long time.
C. A contractor is seeking a mortgage on a home that he plans to
"flip," or renovate to sell, within 18 months.
D. A student is seeking a credit card to use for daily expenses and
plans to pay off the balance each month.