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Question : Which of the following is not a type of interest rate?

 

Option 1: Simple interest rate

Option 2: Compound interest rate

Option 3: Fixed interest rate

Option 4: Dynamic interest rate


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Dynamic interest rate


Solution : The correct answer is (d) Dynamic interest rate.

Dynamic interest rate is not a recognized term in the context of interest rates. The term "dynamic" usually refers to something that changes or adjusts continuously. However, "dynamic interest rate" is not a standard term used to describe a specific type of interest rate.

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