MCQOPTIONS
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| 1. |
It is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. |
| A. | Adjustable-Rate, Mortgages |
| B. | Fixed-Rate, Mortgages |
| C. | Variable-Rate, Mortgages |
| D. | None of these |
| Answer» B. Fixed-Rate, Mortgages | |