Which of the Following Is an Instance of a Mortgage

question 75

Multiple Choice

Which of the following is an instance of a mortgage?

• A)Richard pays Ellen $1000 a month to live in her apartment.
• B)Richard pays Ellen $12, 000 a year to live in her apartment.
• C)Richard gives his country estate as collateral to a bank from where he has borrowed money to buy an apartment.
• D)Richard lives in an apartment for thirty years and upon his death, the apartment is transferred to somebody else.

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Definitions:

Funding

The act of providing financial resources to support a project, business, or idea.

Key Partners

Strategic relationships with other businesses or entities that are essential to the success and operations of a company or organization.

Key Activities

The essential tasks or operations that must be carried out to deliver a company's value proposition to its customers.

Key Resources

The essential inputs and assets necessary for a business or organization to operate effectively and achieve its goals.