What Is the Purpose of a RAM (Reverse Annuity Mortgage)

question 99

Multiple Choice

What is the purpose of a RAM (Reverse Annuity Mortgage) ?

• A) to provide homeowners with a mortgage on a condominium
• B) to enable home-owners to use their house to secure a loan from the bank
• C) to ensure that older people obtain a fair price for their homes when they decide to sell
• D) to ensure that retired older people do not lose their homes because of reduced post-retirement income

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Definitions:

Reabsorbed

The process by which substances are taken back into the body or bloodstream, often referring specifically to the recovery of substances filtered out of the blood by the kidneys.

Transitional Epithelium

Stratified epithelium that may be either cuboidal or squamous-like, depending on the presence or absence of fluid in the organ (as in the urinary bladder).

Urinary Bladder

An organ tasked with the accumulation and expulsion of urine, playing a crucial role in the urinary system.

Stratified Squamous

A type of epithelial tissue composed of multiple layers of cells, with the outermost layer being flat and scale-like.