what amongst the following options is correct for a teaser loan ? (A) it is an introductory rate of interest. (B) this rate is permanent in nature. (C). both (A) and (B) are correct. (D) neither (A) nor (B) are correct
Only option (a) is correct.
Teaser loans are promotional mechanism wherein lower interest rates are offered initially but later once the initial plan expires, normal interest rates...