A Mortgage Loan That Has a Variable Interest Rate Over

question 35

Multiple Choice

A mortgage loan that has a variable interest rate over the life of the loan is known as a(n) ________ mortgage.

• A) adjustable term
• B) secondary
• C) subprime
• D) prime
• E) adjustable rate

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Definitions:

Covariance

A statistical measure indicating the extent to which two variables change together.

Distribution

The arrangement or pattern of how data points or values are spread out over a range of values.

Distribution

Describes how values are spread or distributed across various levels or intervals in a dataset.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set deviate from the mean.