Question
First National Bank locked in an interest rate for Mr.Jack at 9.5%. At the time of the closing, the market interest rate had risen to
First National Bank "locked in" an interest rate for Mr.Jack at 9.5%. At the time of the closing, the market interest rate had risen to 11.25%. This is an example of:
A) Loan Risk
B) Price Risk
C) Fallout Risk
D) Collateral Risk
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
