Which of the Following Statements Is Correct

question 102

Multiple Choice

Which of the following statements is correct?

• A) The risk of failure for women-owned businesses is lower than average.
• B) Women are starting businesses at about the same rate as men.
• C) Women are almost always sure to succeed.
• D) Women own 7.7 million businesses in the United States.
• E) Minority business owners pay lower federal tax on profits than men do.

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Definitions:

Mortgage Insurance

An insurance policy designed to protect the lender from the risk of default and foreclosure on a mortgage.

Down Payment

The part of the purchase price of real property that is paid in cash up front, reducing the amount of the loan or mortgage.

Adjustable-Rate Mortgage

A home loan with an interest rate that can change periodically based on changes in a corresponding financial index.

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the earnings from lending money.