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Adjustable interest rates, in which the interest rate of the loan is tied to an index rate that fluctuates over time, are commonly used in
Adjustable interest rates, in which the interest rate of the loan is tied to an index rate that fluctuates over time, are commonly used in mortgage loans. For income-producing property, the most common index rate is the:
A) one-year U.S. Treasury constant maturity rate.
B) London Interbank Offered Rate. C) London International Ratio. D) cost-of-funds index
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