Which of the Following Is True of Conventional Fixed-Rate Mortgages

question 40

Multiple Choice

Which of the following is true of conventional fixed-rate mortgages?

• A)It has a rate of interest that changes according to fluctuations in the index to which it is tied.
• B)It involves no government backing by either insurance or guarantee.
• C)It has a fixed interest rate during the life of the mortgage,where the monthly payments by mortgagor increase over the term of the loan.
• D)It has comparatively low fixed payments during the life of the mortgage,followed by one large final payment.

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Definitions:

Organic Wastes

Biodegradable waste that comes from plants or animals, often used for composting or as a renewable energy source through biomass conversion.

Oxygen

A chemical element with symbol O and atomic number 8, essential for most forms of life to breathe.

Nonpoint Source

Pollution originating from diffuse areas rather than identifiable, discrete sources.

Logged Area

A region where trees have been cut down for timber or forestry purposes, often leading to changes in the ecosystem.