Other Factors Being Equal,fixed-Rate Mortgages Will Have Higher Interest Rates

question 50

True/False

Other factors being equal,fixed-rate mortgages will have higher interest rates initially than adjustable-rate mortgages.

---

Definitions:

Ion

An atom or molecule that has lost or gained one or more electrons, giving it a positive or negative electrical charge.

Fatty Tissue

A type of connective tissue in the body composed primarily of adipocytes, serving as energy storage, insulation, and cushioning for organs.

Electrically Charged

A condition of having an imbalance of electric charge, either positive or negative.

Resting Potential

The electrical charge across the neuronal membrane when the neuron is not actively transmitting signals.