Regulatory Policies Requiring Lenders to Extend More Low Down-Payment Loans

question 101

Multiple Choice

Regulatory policies requiring lenders to extend more low down-payment loans to higher-risk borrowers along with the Fed's low short-term interest rate policy during 2002-2004 caused

• A) an increase in demand for housing and higher housing prices.
• B) an increase in demand for housing and lower housing prices.
• C) a reduction in demand for housing and higher housing prices.
• D) a reduction in demand for housing and lower housing prices.

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Definitions:

E-commerce

The buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

UETA

The Uniform Electronic Transactions Act that legalizes the use of digital signatures and records in electronic commerce.

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