Adjustable rate mortgages
A) reduce the interest-rate risk for financial institutions.
B) benefit homeowners when interest rates rise.
C) generally have higher initial interest rates than conventional fixed-rate mortgages.
D) allow borrowers to avoid paying interest on portions of their mortgage loans.
A
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Suppose a family from Peru eats in a restaurant in Salt Lake City, Utah. How will this transaction be recorded in U.S. international transactions?
A. It is recorded in the current account as a positive (plus) item. B. It is recorded in the current account as a negative (minus) item. C. It is recorded in the capital account as a positive item. D. It is recorded in the current account as a negative item.
Economists are still puzzled why growth rates in the United States fell from 1973 to 1995
a. True b. False Indicate whether the statement is true or false