Adjustable Rate Mortgages Became Increasingly Attractive and Grew as a Percentage

question 59

Multiple Choice

Adjustable rate mortgages became increasingly attractive and grew as a percentage of total outstanding mortgages during 2002 to 2004 because

• A) interest rates were kept artificially low during this period.
• B) interest rates rose sharply during this period.
• C) lending standards were tightened during this period.
• D) housing prices declined during this period.

---

Definitions:

Commonly

A term referring to something occurring frequently or most of the time.

Genital Human Papillomavirus

A common sexually transmitted infection that affects the genital areas, caused by the human papillomavirus (HPV).

Symptoms

Signs or indicators of a condition, disease, or change in the body's state, perceived by the patient.

Gonorrhea Infection

A sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae, affecting genital, rectal, and throat areas.