Which of the following describes a subprime mortgage?
A. The rate of interest is less than the prime rate of interest
B. The loan-to-value ratio is below average
C. The life of the mortgage is less than 25 years
D. The credit risk is high
D
There is no precise definition of a subprime mortgage. But one thing we can be sure of is that it has more credit risk than a normal mortgage.
Business
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The focus group is one of the least frequently used interview types in public relations
Indicate whether the statement is true or false
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