Prior to World War II,banks Often Required a _______ Down

question 23

Multiple Choice

Prior to World War II,banks often required a _______ down payment on homes.After World War II the GI Bill provided for down payments of _______ and the Veteran's Administration asked for a down payments of _______.

• A)50% … 5-10% … $1.00.
• B)25% … 10% … 1%.
• C)$5,000 ….$1,000 … $100.
• D)20% … 2% … zero.

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Definitions:

Butte

A steep-sided, isolated hill or mountain with a flat top, usually formed through the erosion of sedimentary rocks.

Erosion

The process by which natural forces remove soils, rocks, or dissolved material from one location and transport it to another.

Igneous Rock

Rock formed through the cooling and solidification of magma or lava, with diverse types such as basalt and granite.

Metamorphosed

The process through which rocks undergo physical and chemical changes under high temperature and pressure conditions, forming metamorphic rocks.