Variable interest rate, finance, Other Engineering

What is Variable Interest Rate?
Interest rates which is offered by banks or financial institutions on loans or deposits which are liable to change according to circumstances. For e.x. a movement in the base interest rate set by the central bank should normally be an influence. Changes might occur at set times, also considered as by annually.
Posted Date: 2/20/2012 8:41:12 AM | Location : United States

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