Requiring a home buyer to have a large down payment reduces the risk to a mortgage lender because:
A. it means there is more information available on the buyer.
B. the buyer is less likely to sell the house.
C. it means the buyer likely underpaid when she bought the house.
D. it means that if the price of the house falls, the owner suffers the loss.
Answer: D
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Which point shows where the United States economy would have a 100 percent unemployment rate?
A. Point B
B. Point C
C. Point D
D. Point E
A trade deficit occurs when:
A. tariffs exceed quotas. B. imports exceed exports. C. quotas exceed tariffs. D. exports exceed imports.
In the above table, what is marginal product of labor for the 2nd worker?
A) 20 B) 8 C) 10 D) 12
The Great Depression ended in the United States when
a. the New Deal reforms were initiated by President Roosevelt. b. deficit spending ended in 1937. c. the United States returned to the gold standard in 1940. d. the United States began to mobilize for war in the early 1940s. e. the German economy suffered hyperinflation in the 1920s.