Which of the Following Observations Concerning Mortgages Is NOT Valid

question 5

Multiple Choice

Which of the following observations concerning mortgages is NOT valid?

• A)They may refer to loans secured by a lien on residential houses.
• B)They are a minor component in finance company portfolios.
• C)Mortgage-backed securities are created by securitization.
• D)Home equity loans are examples of second mortgages.
• E)The interest on a mortgage loan secured by a primary residence is tax deductible to the homeowner in Canada.

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Definitions:

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Social norms and values that are widely accepted and practiced within a particular culture or society.

Masters and Johnson

Researchers known for their work in the field of human sexuality and sexual response.

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A sequence of physiological and emotional changes that occur as a person becomes sexually aroused and participates in sexually stimulating activities.

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A feeling of enthusiasm and eagerness, often accompanied by an elevated physiological state.