Which of the Following Statements Is False

question 17

Multiple Choice

Which of the following statements is false?

• A)During the past couple of decades, generally high fixed-rate mortgage loan interest rates and the desire to extend housing ownership to more individuals in the U.S., the use of adjustable-rate mortgages grew in usage.
• B)An adjustable-rate mortgage (ARM) has an interest rate that changes or varies over time with market-determined interest rates on a U.S.treasury bill or other debt security.
• C)The interest rate on an ARM is often adjusted annually to reflect changes in treasury bill rates (or other interest rate benchmark).
• D)Lenders typically offer ARMs with variable interest rates for one to five years with a provision to switch to a fixed-rate over the remaining life of the ARM.
• E)all of the above statements are true

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Definitions:

Antihypertensive Medication

Medications prescribed to lower blood pressure in individuals diagnosed with hypertension.

Jewish

Jewish refers to anything related to the religion, culture, or people of Judaism, an ancient monotheistic faith with a rich historical and ethical tradition.

Cultural Barrier

Challenges or obstacles in communication and interaction between individuals from different cultural backgrounds due to differences in language, norms, and values.

Sexism

Discrimination or prejudice based on a person's sex, often resulting in undermining the opposite sex.