When you borrow on a mortgage to buy a new home, the lender will require you to purchase
A) life insurance.
B) homeowner's insurance.
C) disability insurance.
D) the lender will require you to purchase all three types of insurance to protect their loan.
Answer: B
You might also like to view...
Which of the following is NOT a true statement regarding a relation?
A) Each relation consists of a set of named columns and an arbitrary number of unnamed rows. B) Each column in a relation corresponds to an attribute of that relation. C) An entry at the intersection of each row and column has a single value. D) The columns may not be interchanged or stored any sequence. E) The rows may be interchanged or stored in any sequence.
Cash flows from borrowing and paying off a 90-day bank loan are classified as
a. operating activities. b. investing activities. c. financing activities. d. purchasing activities.