____ Mortgages Enabled More People with Relatively Lower Income, or High

question 10

Multiple Choice

____ mortgages enabled more people with relatively lower income, or high existing debt, or a small down payment to purchase homes.

• A) Prime
• B) Balloon
• C) Amortized
• D) Subprime

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Definitions:

Material Well-being

A measure of the quantity and quality of goods and services available to an individual or society.

Net Investment

Gross investment minus depreciation.

Gross Private Domestic Investment

The aggregate amount of investment in physical assets, such as buildings and machinery, by the private sector within a country.

Military Goods

Products and services specifically designed, manufactured, and supplied for use by armed forces.