Many people who signed up for adjustable-rate mortgages during the sub-prime mortgage debacle were no longer able to afford their payments. Many of these people were misled by their lenders. Which financial principle from Chapter 1 most applies?
A) The best protection is knowledge.
B) Mind games, financial personality, and your money
C) Stuff happens, or the importance of liquidity.
D) The time value of money
Answer: A
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