Difference between fixed and floating interest rates
Most floating interest rates are cheaper; thus where people can save more money compared to fixed interest rates that are high, people do not save any money. Fixed interest rates allow individuals to make other plans budget because of certainty on the amount to be paid while floating interest rates and an individual is afraid of rates fluctuations and some end up selling their personal property to pay loans in the event of interest rate hikes. Analyze how foreign exchange rate is determined when dealing with business implications. Foreign exchange rates are determined by some factors, as follows; 1. Inflation rates-changes in inflation rates will affect foreign exchange rates. S dollar. To buy U. S Dollar ($), the Kenya Shilling will be used (KES) making the exchange rate USD/KES (Jou, Jyh-Bang, and Tan Charlene Lee, 83).
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