When homeowners expect that interest rates will rise, they prefer
A) fixed rate loans.
B) adjustable rate mortgages.
C) balloon payment mortgages.
D) decreasing term mortgages.
Answer: A
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All of the following are considered to be controllable marketing variables EXCEPT:
A) competition. B) pricing. C) promotion. D) distribution. E) product.
Answer the following statements true (T) or false (F)
1. For the vertical analysis of the balance sheet, the base amount is also the total of liabilities and stockholders' equity. 2. A common-size statement reports the same percentages that appear in a vertical analysis. 3. Dollar value bias is the bias one sees from comparing numbers in relative (dollars) rather than absolute (percentage) terms. 4. Benchmarking is the practice of comparing a company with other leading companies. 5. Benchmarking is the comparison of a company's current year results with a previous year's performance.
Briefly answer each of the following questions about bond issue costs: 1. What type of cost is included in bond issue costs? 2. As a percentage of a bond issue, how significant are bond issue costs? 3. What is the impact of bond issue costs on a bond issue and the amount of interest expense a company records over the life of the bond?
Normal balances are the side that increases the account balance
Indicate whether the statement is true or false