An index that is used to determine interest rates and/or changes of interest rates of certain types of loans is known as _________ A. Covenant B. CRAR C. COFI D. CRAs

1 Answer

Answer :

C. COFI Explanation: A cost of funds index or COFI is a regional average of interest expenses incurred by financial institutions, which in turn is used as a base for calculating variable rate loans.

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