A mortgage, where the monthly payments are the same for the duration of the loan, is an example of a(n):
A. installment loan.
B. equity security.
C. variable payment loan.
D. fixed payment loan.
Answer: D
You might also like to view...
Employers tailor compensation packages to attract employees who will give them a competitive edge in the market
Indicate whether the statement is true or false
The World Trade Organization (WTO) is an international organization designed to:
A. international governing body that is the final arbiter of all world trade. B. monitor and enforce trade agreements, while also promoting free trade. C. provide a forum for all nations to have discussion on various international issues of concern. D. monitor and enforce world banking policies, and lending between nations.
Ford Motor Company started producing the Model A at plants scattered around the United States
A) to save on transport costs. B) because diseconomies of scale at its initial River Rouge plant resulted in high production costs. C) to locate its production centers closer to its customers. D) because it was not able to attract skilled workers in Michigan (where its first plant was located).
Doug is currently not employed. He places a value of $16 an hour on his time in nonmarket activities. If Doug is offered a job paying $12 an hour
A. he should supply a positive number of hours in the labor market and to nonmarket activities. B. he is indifferent between supplying hours to the labor market and using his time in nonmarket activities. C. he should supply 0 hours in the labor market. D. he should supply a positive number of hours in the labor market and allocate no time to nonmarket activities.