Mortgages Issued to Borrowers Whose Credit Histories Include Failures to Make

question 124

Multiple Choice

Mortgages issued to borrowers whose credit histories include failures to make payments on bills are known as ________ mortgages.

• A)catastrophic
• B)variable rate
• C)subprime
• D)Alt-A

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Definitions:

Oligopoly

A market structure characterized by a small number of firms that have significant influence over price and other market factors.

Measures

Quantitative or qualitative assessments used to evaluate, compare, and track performance or production.

Cigarette Company

A business entity that manufactures, markets, and sells cigarettes and possibly other tobacco products.

Prices

The amounts of money expected, required, or given in payment for something.