Which of the Following Was T Regarding Sub-Prime Mortgages That

question 172

Multiple Choice

Which of the following was t regarding sub-prime mortgages that were popular in 2005-2006?

• A) More than 90% of these loans were made by regulated banks.
• B) Bankers expected higher default rates on these loans.
• C) They were generally fixed rate loans.
• D) all of the above

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Definitions:

Partial Payment

An amount paid that is less than the total due, often applied to a debt or invoice, which does not fully settle the outstanding amount.

Indorses

To sign the back of a financial instrument, thereby transferring ownership or to express support.

Drawee's Payment

Involves the party, usually a bank, upon which a check or draft is drawn, making the payment as specified to the payee or bearer.

Indorses

Indorses refers to the act of signing the back of a negotiable instrument, like a check, thereby transferring the title or the rights to another party.