In Considering a Three-Year-One-Year Adjustable-Rate Mortgage (ARM),the Interest Rate Will

question 18

Multiple Choice

In considering a three-year-one-year adjustable-rate mortgage (ARM) ,the interest rate will be fixed for how many years?

• A)One year
• B)Two years
• C)Three years
• D)Four years

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Definitions:

Etiquette

The anticipated standards of conduct in a specific context.

Manners

Socially acceptable behaviors and practices that show respect and consideration for others.

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The set of conventional rules and manners that are considered appropriate and respectful in social or professional settings.