An Institution That Originates and Holds a Fixed-Rate Mortgage Is

question 54

Multiple Choice

An institution that originates and holds a fixed-rate mortgage is adversely affected by ____ interest rates; the borrower who was provided the mortgage is adversely affected by ____ interest rates.

• A)stable; decreasing
• B)increasing; stable
• C)increasing; decreasing
• D)decreasing; increasing

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Definitions:

Self-Employed Lawyer

A legal professional who operates their own legal practice rather than working as an employee for a law firm or corporation.

Varies

Describes how something changes or differs across different situations, locations, or points in time.

Time

A continuum that lacks spatial dimensions and in which events occur in apparently irreversible succession from the past, through the present, into the future.

Circumstances

The conditions or facts affecting a particular event or situation, often influencing the outcome or actions of individuals.