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In the Theory of Demographic Transition, the Two Variables on Which

question 61

Short Answer

In the theory of demographic transition, the two variables on which the theory is based are ________ and ________.


Definitions:

Adjustable-Rate Mortgage

A type of home loan in which the interest rate can change over time, based on a benchmark or index.

Fixed-Rate Mortgage

A home loan with an interest rate that remains the same for the entire term of the loan, providing predictable monthly payments.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Mortgagor

The borrower in a mortgage agreement, who pledges property to the lender as security for the loan.

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