A mortgage that allows the borrower to pay less than the interest due for a few years is a
A. negative-amortization mortgage.
B. traditional, thirty-year fixed-rate mortgage.
C. "liar loan."
D. credit-default swap.
Answer: A
You might also like to view...
If the labor market is in equilibrium and then the labor supply curve shifts rightward
A) there will be a shortage of labor at the original equilibrium wage rate. B) there will be a surplus of labor at the original equilibrium wage rate. C) the equilibrium wage rate will rise. D) there will be a surplus of jobs at the new equilibrium.
A decline in the money ________ shifts the LM curve to the ________, causing the interest rate to rise and output to fall, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
What is the biggest obstacle to successful economic growth in very low income countries?
a. lack of education b. poor health and limited health care facilities c. high political instability d. lack of technology
Refer to Figure 15-19. If the monopoly firm is not allowed to price discriminate, then consumer surplus amounts to
a. $3,125.
b. $1,562.50.
c. $0.
d. $6,250.