A Variable Rate Mortgage Is Always Fixed

question 29

True/False

A variable rate mortgage is always fixed.

---

Definitions:

Improvement

A process or action that makes something better, more efficient, or more effective.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that sellers are willing to supply.

Quantity Demanded

The complete sum of a particular good or service that customers are prepared and able to buy at a given price level.