Answered

Madison has an account that pays different interest rates depending how much she has in her account. This type of interest rate is called a _____.

nominal interest rate

variable interest rate

real interest rate

annual percentage yield

Verified Answer :

The correct answer for the question that is being presented above is this one: "variable interest rate." Madison has an account that pays different interest rates depending how much she has in her account. This type of interest rate is called a variable interest rate.

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