Mortgages issued to borrowers whose credit histories include failures to make payments on bills are known as ________ mortgages

A) catastrophic
B) variable rate
C) subprime
D) Alt-A

Answer: C

Economics

You might also like to view...

A proprietorship is a business

A) with annual sales below $100,000. B) in which the stock of the company is closely held by members of one family. C) which produces a service rather than goods. D) owned by one individual who is responsible legally for the debts of the firm.

Economics

Suppose there is no inflation, and the current interest rate is 5% per year. Sarah plans to open a savings account and deposit $100 annually for the next 14 years. At the end of the period, the balance of her savings account will be

A) 100(1.0514 - 1). B) 2000(1.0514 - 1). C) 2000(1.0512 - 1). D) 20(1.0512 - 1).

Economics