During a Period When Interest Rates Are Very Low by Historical

question 102

Multiple Choice

During a period when interest rates are very low by historical standards and are expected to increase substantially over time, individuals should choose

• A) an ARM with a rate that adjusts after three years.
• B) a fixed-rate mortgage.
• C) an ARM that adjusts after one year.
• D) an ARM with a rate that adjusts every year for five years and then converts to a fixed rate.

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