When There Is an Increase in the Loan Balance Due

question 12

Multiple Choice

When there is an increase in the loan balance due to payments less than the interest charge on an adjustable rate mortgage,the result will be:

• A) negative amortization
• B) interest rate volatility
• C) payment in full of the entire loan balance
• D) a foreclosure

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Definitions:

Fovea

Retina region with the greatest density of cone cells; has no rod cells.

Ampulla

A widened portion of a canal or duct in the body.

Somatic Senses

Sensory systems that involve the reception of stimuli from the external environment or the body's surface, such as touch, temperature, pain, and proprioception.

Internal Organ Pain

Pain originating from the internal organs, often described as dull and poorly localized.