Literary terms and their definitions for students in Ms. Cox's English 10 Honors at Cardinal Gibbons High School, 2012-2013.
Around 90 per cent of home loans in Spain have a variable (interÃ©s variable) instead of a fixed interest (interÃ©s fijo) rate and theyâve traditionally been set at 1 to 2 per cent above the base rate (European inter-bank rate or EURIBOR).
Interest rates refers to the rate set by a country's Central bank and is the % of money commercial banks are allowed to hold or lend at one time. If Interest rates are down then a commercial bank can lend more money out at one time, and vise versa for high interest rates.