For an adjustable-rate loan, which of the following features would limit how much the principal balance could increase in the event that the payment increases didn't keep up with the rate increase?
A. Interest rate cap
B. Mortgage payment cap
C. Negative amortization cap
D. Conversion option
Answer: C. Negative amortization cap
Business
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Which of the following services will be performed by an attorney who is conducting a closing for a lender?
A. Explain the content of each legal document to both the buyer and seller before they sign it. B. Explain the content of each legal document to the buyer only before they sign it. C. Offer legal advice to both the buyer and seller. D. Offer legal advice to the buyer only.
Business
Give two examples of products for which marketers might use optional-product pricing
What will be an ideal response?
Business