What are "cash-out refinancings"?
What will be an ideal response?
When interest rates fall, homeowners with an existing mortgage lower their interest rate and increase the size of their mortgage, taking the difference as a cash payout. These are called "cash-out refinancings."
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The health care system in the United States is referred to as ________, a system where private doctors and hospitals provide almost all health care services
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
Some economists believe that financing deficit spending by increasing taxes will lead to a lower level of national consumption and a higher level of national savings than deficit spending. The reason is
A. people will forgo private consumption now as society substitutes government goods for private goods. B. people believe that they can consume the government provided goods and have future generations pay the bill. C. the interest rate on the debt will increase. D. that people do not realize that taxes have increased also.