The Fed's Low Short-Term Interest Rate Policy of 2002 to 2004

question 281

Multiple Choice

The Fed's low short-term interest rate policy of 2002 to 2004 made it highly attractive for buyers to purchase a house

• A) with a large down payment and a 30-year, fixed rate mortgage.
• B) with a large down payment and an adjustable rate mortgage.
• C) with a small down payment and an adjustable rate mortgage.
• D) quickly before housing prices began to decline in 2006.

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