Which of the following is not true concerning adjustable rate mortgages (ARMs)?
A) There is usually a limit on how much a rate may increase per year.
B) There is usually no limit on how much a rate may increase per year.
C) There is usually a limit on how much a rate may increase over the life of the loan.
D) The maximum increase over the life of the loan is usually 5%.
Answer: B
Business
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A global company is:
A. a business whose activities involve crossing national borders. B. the domestic operations within a foreign country C. an organization with multicountry affiliates. D. an organization that attempts to standardize operations worldwide. E. two of the above.
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The global economic crisis of 2008 had little effect on the volume of world trade that year
Indicate whether the statement is true or false
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