The FHA ​

question 42

Multiple Choice

The FHA ​

• A)aimed to transform the private home loan industry to make it more accessible to common folk.
• B)encouraged private banks to lend to middle and loan income applicants by ensuring that the government would pay defaulted loans.
• C)lowered the minimum required down payment.
• D)extended the payment period on a home.
• E)All of these are correct.

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Definitions:

Absorbs

The process by which one substance takes in or assimilates another, such as a sponge absorbing water.

Reflects

Involves thinking deeply or carefully about something, often leading to insights or a change in perspective.

Presbyopia

A natural age-related loss of the eyes' ability to focus on close objects, due to the hardening of the lens inside the eye.

Elasticity

In economics, it measures how the quantity demanded or supplied responds to changes in price or income.