If You Wish to Keep Your Monthly Payments as Low

question 118

Multiple Choice

If you wish to keep your monthly payments as low and predictable as you can, you should use a

• A) 15-year ARM.
• B) 30-year ARM.
• C) 15-year fixed rate.
• D) 30-year fixed rate.

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Definitions:

Consolidation

The process by which memories become stable in the brain after their initial acquisition, often occurring during sleep.

Retention

The ability to keep or hold information in memory.

Memory

The faculty of the mind by which information is encoded, stored, and retrieved when needed, allowing past experiences to influence future behavior and decision-making.

Information-Processing Model

A framework that compares human cognition to the way computers process information, emphasizing stages of input, processing, and output.