A Subprime Mortgage Is a Mortgage with an APR Below

question 100

True/False

A subprime mortgage is a mortgage with an APR below the prime rate.

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Definitions:

Penguin

A flightless seabird native to the Southern Hemisphere, particularly known for its distinctive black and white plumage.

Goose

A waterfowl of the family Anatidae, known for its long neck, webbed feet, and often migratory behavior.

Ostrich

The largest living bird species, native to certain large areas of Africa, known for its speed and ability to lay large eggs.

Prototype

An initial model or version of a product that is used to test and refine its features.