The type of mortgage that is usually the shortest term and will require further action at the end of it is a(n)

A) graduated payment mortgage.
B) balloon payment mortgage.
C) adjustable rate mortgage.
D) fixed rate mortgage.


Answer: B

Business

You might also like to view...

When a small stock dividend is declared and the market value exceeds the par or stated value of the shares, the excess of market value over par or stated value should be entered in which of the following accounts?

a. Stock Dividends. b. Stock Dividends Distributable. c. Paid-In Capital in Excess of Par. d. Capital Stock.

Business

Unrealized gains and losses on available-for-sale securities are reported on the income statement

Indicate whether the statement is true or false

Business

The term passed by value implies that a pointer to the value in the actual parameter is created instead of copying the value from the actual parameter to the formal parameter.

Answer the following statement true (T) or false (F)

Business

In considering the impact supply chains have on projects, ______.

a. the goal is to create a coordinated planning network that allows for the optimal acquisition of goods and services used in a project b. the goal is to create a coordinated planning network that allows for the highest acquisition costs of goods and services used in a project c. organizations seek to coordinate a planning network that allows for the highest warehousing costs of goods and services used in a project d. organizations seek to coordinate a planning network that allows for the highest ordering costs of goods and services used in a project

Business