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:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and transmits neural signals between the brain and the rest of the body.

Supportive Tissue

Biological tissue that provides structural and metabolic support to cells and organs within the body, including types such as bone, cartilage, and connective tissue.

Central Back

This term is not specific to a widely recognized concept in psychology or biology; it may refer to the central part of the back in an anatomical context.

Automatic Reaction

A fast, involuntary response to a stimulus, which does not require conscious thought.