Which of the Following Is Not a Benefit Associated with a Fixed

question 7

Multiple Choice

Which of the following is not a benefit associated with a fixed rate mortgage?

• A)They lock in a rate of interest that will be unaffected by a rise in market rates.
• B)The borrower received a lower rate to compensate for assuming the risk of interest rate fluctuations.
• C)They provide the opportunity to refinance should market rates decline.
• D)All of the above are benefits associated with a fixed rate mortgage.
• E)None of the above is a benefit associated with a fixed rate mortgage.

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Definitions:

Mental Health

Pertains to the emotional, psychological, and social well-being of an individual, influencing how they think, feel, and act.

Positive Psychology

A branch of psychology focused on the study of positive human functioning and flourishing on multiple levels that include the biological, personal, relational, institutional, cultural, and global dimensions of life.

Psychological Suffering

The subjective experience of distress or pain that arises from emotional or mental health issues, rather than physical causes.

Positive Psychology

A branch of psychology focused on the study of positive aspects of human life, such as happiness, well-being, and flourishing.