If the Maximum Loan-To-Value Ratio That a Lender Will Accept

question 164

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a $100,000 home is 90 percent,then the borrower must make

• A)a minimum down payment excluding closing costs of $10,000.
• B)a minimum down payment including closing costs of $10,000.
• C)closing costs plus points of $10,000.
• D)a maximum down payment of $10,000.
• E)none of these.

Interpret production possibilities and circular-flow diagrams to analyze economic adjustments.

Identify factors of production and their roles in the economy.

Comprehend the basic mechanisms of trade and barriers to trade.

Understand the circular-flow model of an economy and its components.

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Definitions:

Gender Role Stereotypes

Gender role stereotypes are the culturally defined expectations and beliefs about appropriate behaviors, characteristics, and roles for males and females, often limiting individual expression and potential.

Achievement Oriented

Having a strong desire to achieve success and accomplish goals, often by measuring one's worth by their achievements.

Delinquent

Refers to a minor who engages in behavior that is illegal or not approved by societal standards, often resulting in legal intervention.

Peer Relationships

Interactions and bonds between individuals of similar age, which play a crucial role in socialization and personal development.