"Exotic" Mortgages Became Popular in Part Because They Allow Someone

question 62

Multiple Choice

"Exotic" mortgages became popular in part because they allow someone of

• A)means to get into a home they would easily have been able to afford.
• B)modest means to get into a home they might otherwise not have been able to afford.
• C)modest means to build more equity in their home than a traditional mortgage would allow.
• D)modest means to build their credit score by proving they could make challenging payments.

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Definitions:

Responses

The answers or reactions provided by subjects in a research study or survey.

Sample

A portion of a broader demographic picked for the sake of conducting studies, observations, or questionnaires to collect data representative of the larger population.

Nonresponse Error

An error that occurs in survey research when some participants do not respond, potentially biasing the results.

Survey

A method for collecting information and data about a population by asking questions to a sample of that population to extrapolate insights or conclusions about the whole.