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
Answer (1)
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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