Which of the following is true of home mortgage loans since the late 1990s?
a. Government regulations required homebuyers to make larger down payments in order to obtain a mortgage.
b. Traditional fixed-rate, long-term mortgages grew in popularity.
c. There was a substantial increase in the volume of mortgage loans extended with little or no down payment.
d. High interest rates made it less attractive to lock in to a fixed-rate, long-term loan.
C
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Suppose a person defects from Cuba (a country that generally disregards the use of markets) to the United States and asks to see a market in action. Where would you take her? Did you give her a complete showing of this market?
As of 2011, which of the following was the largest stock exchange in terms of total value traded?
A) the New York Stock Exchange B) London Stock Exchange C) Shanghai Stock Exchange D) Tokyo Stock Exchange
The impact of a decrease in the marginal tax rate on labor supply will be larger as the tax elasticity of supply gets smaller.
Answer the following statement true (T) or false (F)
In the long run, if the money supply increases, _____
Fill in the blank(s) with the appropriate word(s).