Adjustable Rate Mortgages Became Increasingly Attractive and Grew as a Percentage

question 59

Multiple Choice

Adjustable rate mortgages became increasingly attractive and grew as a percentage of total outstanding mortgages during 2002 to 2004 because

• A) interest rates were kept artificially low during this period.
• B) interest rates rose sharply during this period.
• C) lending standards were tightened during this period.
• D) housing prices declined during this period.

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Definitions:

Eugenics

The controversial science aimed at improving the genetic quality of the human population through selective breeding.

Sex Selection

The practice of using medical techniques to choose the sex of offspring, often raising ethical and social concerns.

Incest Potential

The possibility of sexual relations between closely related individuals, which is often legally and socially prohibited.

Single Mothers

Women who are raising their child or children without the involvement of the child's father, either by choice or circumstance.