Which of the Following Statements Is True Regarding Home Mortgages

question 174

Multiple Choice

Which of the following statements is true regarding home mortgages?

• A)There is a penalty for prepaying a home mortgage.
• B)An advantage of 15-year mortgages is that equity buildup is slower than with 30-year mortgages.
• C)It is generally wise to take a longer repayment period even if you plan to pay off the loan more quickly.
• D)More total interest is paid with a shorter mortgage repayment time.

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Definitions:

Neurotransmitters

Neurotransmitters are chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, gland cell, or muscle cell, facilitating communication within the brain and the rest of the nervous system.

Cognitive-Developmental Theory

The stage theory that holds that the child’s abilities to mentally represent the world and solve problems unfold as a result of the interaction of experience and the maturation of neurological structures.

Environments

The surroundings or conditions in which a person, animal, or plant lives and operates, including natural, social, and built aspects.

Age of Reason

A developmental stage typically around the age of 7 when children start to use logic and recognize the difference between right and wrong.