A) A fixed rate loan has a variable interest rate, while a variable rate loan has a fixed interest rate
B) A fixed rate loan has a fixed interest rate, while a variable rate loan has a variable interest rate
C) A fixed rate loan and a variable rate loan both have the same interest rate
D) A fixed rate loan and a variable rate loan have different repayment terms
Answer: B) A fixed rate loan has a fixed interest rate, while a variable rate loan has a variable interest rate
