A mortgage loan made to a borrower with a low credit score is called a:
A. hi-risk mortgage loan.
B. prime mortgage.
C. subprime mortgage.
D. bundled financial loan.
Answer: C
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Answer the following statements true (T) or false (F)
1. The CPI measures price changes for only about two-thirds of all spending. 2. The GDP Implicit Price Defoliator is the broadest index of price changes. 3. The PPI is an index of the price level of aggregate output. 4. Check able deposits are counted as part of the U.S. money supply. 5. Savings deposits are not counted as part of the M1 measure of the U.S. money supply.
The GDP deflator: a. includes fewer goods and services than the CPI
b. generally rises substantially faster than the CPI during inflationary conditions. c. ignores investment goods and goods produced by the government. d. is the broadest generally reported measure of inflation.
Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:
a. Business productivity b. Net export spending c. Consumer expectations d. Consumer spending
Growth is advantageous to a nation because it
A. slows the growth of wants. B. eliminates the economizing problem. C. promotes faster population growth. D. lessens the burden of scarcity.