If Rates in the Market Fall Between Now and One

question 32

Multiple Choice

If rates in the market fall between now and one month from now,the mortgage banker:

• A) loses as the mortgages are sold at a discount.
• B) gains as the mortgages are sold at a discount.
• C) loses as the mortgages are sold at a premium.
• D) gains as the mortgages are sold at a premium.
• E) neither gains nor loses.

---

Definitions:

Sleep Cycle

A repeated sequence of phases that the body goes through during sleep, including REM (rapid eye movement) and several stages of non-REM sleep.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.

Alcohol Consumption

The act of drinking beverages that contain ethanol, ranging from occasional drinking to alcohol dependence.

Daytime Power Naps

Short sleeps taken during the day to boost energy and alertness without interfering with nighttime sleep.