If You Do Not Pay Back Any of the Loan

question 1

Multiple Choice

If you do not pay back any of the loan amount for a portion of the loan period,you have a(n)

• A) Balloon mortgage.
• B) Buy-down.
• C) Convertible ARM.
• D) Growing-equity mortgage.
• E) Interest-only mortgage.

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Definitions:

Imports

Goods or services brought into one country from another for the purpose of being sold or used, contributing to the domestic supply of products.

Trade Deficit

Occurs when a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Net Capital Outflow

Disparity in investment activities, with locals buying assets internationally, in contrast to foreigners buying domestically.

Net Exports

The net amount obtained by subtracting a nation's total imports from its total exports.