"Subprime Mortgages" Refer to

question 4

Multiple Choice

"Subprime mortgages" refer to

• A)interest rates that are over and above the prime rate to risky borrowers.
• B)mortgages made to credit-worthy borrowers at low interest rates.
• C)mortgages made to borrowers who do not usually qualify for loans.
• D)mortgage brokers making huge commissions on volume.

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Definitions:

Discarded

Refers to the process of eliminating or ignoring elements or information that are deemed irrelevant or unnecessary.

Opened

Opened refers to making something accessible or removing restrictions to allow entry or an unobstructed view.

Proposition

This term, already defined, can also refer to the content of what is expressed by a sentence.

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic region.