In 2013, Sebastian Thrun, the Founder of Udacity, an Online

question 1

Multiple Choice

In 2013, Sebastian Thrun, the founder of Udacity, an online educational system designed to reach thousands of students around the world, announced that the company would be "abandoning academic disciplines in favor of more vocational focused learning," admitting, in effect, that all the hype about MOOCs disrupting education had been just that - hype.

• A) Fact
• B) Opinion
• C) Mix of both

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Definitions:

Household Debt/income Ratio

A measure comparing the debt level of a household to its income, indicating financial health and borrowing capacity.

Interest Payments

The regular required payments made by a borrower to a lender for the use of borrowed money, usually a portion of the loan amount.

Interest-only Loans

Loans for which the borrower pays only the interest on the principal balance, with the principal amount remaining unchanged over a set term.

Variable Rate Mortgages

Mortgages with interest rates that can fluctuate over time based on underlying benchmark interest rates or market conditions.