객관식
Which of the following is NOT a liability that must be estimated?
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9. Current Liabilities
Types of Liabilities
객관식
Which type of loan charges the same interest rate and requires equal payments throughout the life of the loan?
A
Variable-rate loan
B
Balloon loan
C
Fixed-rate loan
D
Revolving credit
검증된 단계별 안내1
Understand the concept of a fixed-rate loan: A fixed-rate loan is a type of loan where the interest rate remains constant throughout the life of the loan, ensuring that the borrower makes equal payments over time.
Compare the fixed-rate loan to other types of loans: Variable-rate loans have interest rates that fluctuate based on market conditions, balloon loans require smaller payments initially with a large payment at the end, and revolving credit allows borrowing up to a limit with flexible repayment terms.
Identify the key feature of a fixed-rate loan: The consistent interest rate ensures predictable and equal payments, making it distinct from other loan types.
Recognize the advantages of fixed-rate loans: They provide stability and are ideal for borrowers who prefer predictable monthly payments without worrying about interest rate changes.
Conclude that the correct answer is 'Fixed-rate loan' based on its characteristics of equal payments and a constant interest rate throughout the loan term.
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