Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.408)

408. 

Jyske Bank launched the world's first negative interest rate mortgage. It belongs to which country?

[A]. Russia
[B]. China
[C]. Japan
[D]. Denmark

Answer: Option D

Explanation:

Denmark's third-largest bank Jyske Bank launched the world's first negative interest rate mortgage. The bank handling out loans to homeowners where the charge is minus 0.5% a year. It has begun offering borrowers a 10-year deal at -0.5%. Jyske bank borrowers will make a monthly repayment, as usual, The amount still outstanding will be reduced each month by more than the borrower.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.