Business, 31.03.2021 22:10 tynitenaire
Emil borrowed money so he would be able to afford to add a screened-in porch to the back of his house. When he applied for the loan, the rate on the loan was very low based given the current market trends. Over the following months, however, the market fluctuated a great deal, and suddenly he was faced with higher rates for the same loan. Which type of financial risk did Emil face?
a. income risk
b. interest rate risk
c. personal risk
d. inflation risk
Answers: 3
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Emil borrowed money so he would be able to afford to add a screened-in porch to the back of his hous...
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