Which of the Following Is Not True About Subprime Mortgage

question 220

Multiple Choice

Which of the following is not true about subprime mortgage loans?

• A)They played a central role in the financial crisis of 2007-2008.
• B)They were encouraged by the Federal government for many years before the financial crisis.
• C)They had always been discouraged by the government and even banned in some cases.
• D)They were considered high-risk loans because the borrowers had poor credit ratings.

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Definitions:

Kubler-Ross

Describes the five stages of grief as denial, anger, bargaining, depression, and acceptance.

Five Stages

Five stages often refer to distinct phases within a process or progression, such as Elisabeth Kübler-Ross's five stages of grief: denial, anger, bargaining, depression, and acceptance.

Dying

The process of approaching death, including the biological and physiological breakdown that ultimately culminates in death.

Older Adults

Individuals typically aged 65 and older, often focusing on aspects related to aging and gerontology.