The "negative-amortization" mortgage typically converts later to a
A. traditional mortgage with a higher payment.
B. "exotic" mortgage with a lower payment.
C. new "negative-amortization" mortgage with an even lower payment.
D. traditional mortgage with a lower payment.
Answer: A
You might also like to view...
The wage rate is the price of a unit of labor. What happens to the quantity of labor supplied if the wage rate increases?
A. It increases. B. It decreases. C. It does not change. D. Uncertain-economic theory has no answer to this question.
The above figure shows the U.S. market for replacement cell phone batteries. Area A + area E is the
A) consumer surplus when there is a tariff. B) producer surplus when there is a tariff. C) tariff revenue. D) increase in producer surplus due to the tariff. E) gain in total surplus due to the tariff.
The Federal Reserve's most important function is to change the money supply in order to smooth out the business cycle
a. True b. False Indicate whether the statement is true or false
A tariff is best described as a
A. tax on exported goods. B. a tax on a good that is imported. C. payment by the government to domestic producers to improve their competitive position in world markets.