Which of the Following Situations Is NOT a Common Cause

question 38

Multiple Choice

Which of the following situations is NOT a common cause for the use of a purchase-money mortgage?

• A)The buyer cannot come up with the down payment needed to qualify for a mortgage
• B)The seller wants to receive the gain from the sale in installments
• C)Third-party mortgage financing is too expensive or unavailable
• D)The seller desires to artificially raise the price of the property by receiving a higher-than-market interest rate

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Definitions:

Farms

Land and the buildings on it, used for growing crops and/or raising animals as a primary source of income.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making imports more expensive.

Transcontinental Railroad

was a train route across the United States, completed in 1869, which revolutionized transportation and communication, contributing to the country's economic growth and westward expansion.

Hands Off Approach

A policy or attitude where interventions or regulations by governments in business or economic matters are minimized.