Which of the Following Is False

question 75

Multiple Choice

Which of the following is false?

• A)Prior to the Great Depression, mortgages were balloon mortgages where only interest payments were made.
• B)Subprime mortgages are made to borrowers with poor credit scores, little or no down payment, and often at introductory rates that reset higher in two or three years.
• C)Fannie Mae and Freddie Mac were put into conservatorship in mid 2008.
• D)Today, savings associations originate and hold about 80 percent of all mortgages.

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Definitions:

Chauvinism

An attitude of superiority towards members of the opposite sex or belief in the superiority of one's own group or people.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against others.

Sexism

Discrimination based on gender, often resulting in the undermining of a person's abilities, contributions, or rights.

Narcotic Use

The consumption or administration of drugs that induce sleep or narcosis, often referred to in the context of substances that dull the senses and relieve pain, potentially leading to dependence.