If the Maximum Loan-To-Value Ratio That a Lender Will Accept

question 54

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a house costing $100,000 is 80 percent,then the borrower must make a down payment of at least _____

• A)$100,000.
• B)$80,000.
• C)$180,000.
• D)$20,000.
• E)$120,000.

---

Definitions:

Bay Of Pigs

The site of a failed invasion of Cuba in 1961 by Cuban exiles with support from the US, aimed at overthrowing Fidel Castro's government.

CIA

The Central Intelligence Agency, a civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information.

Fulgencio Batista

A military officer and politician who served as the elected president and dictator of Cuba before being overthrown by the Cuban Revolution.

Complete Failure

A situation or attempt that utterly fails to meet its goal or objective, resulting in no successful outcome.