A Borrower Is Offered a Choice Between a Fixed Rate

question 108

Multiple Choice

A borrower is offered a choice between a fixed rate mortgage and a variable rate mortgage.The variable rate mortgage may be more attractive to the lender if the lender expects:

• A)Inflation to decrease
• B)The home price to decrease
• C)The home price to increase
• D)Inflation to increase

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Definitions:

Nonprofit

Reiteration of nonprofit organizations, indicating entities devoted to advancing a social cause without the aim of making a profit.

Satisfying Customers

The process of meeting or exceeding customer expectations through quality service or products, resulting in customer satisfaction.

Nonprofit Organizations

Entities that operate without the primary goal of making a profit, focusing instead on social, charitable, educational, or recreational objectives.

Telling Time

The act of determining the current time through various means, including clocks, watches, and sundials.