Sara Has a Fixed-Rate Mortgage

question 70

Multiple Choice

Sara has a fixed-rate mortgage.The index rate for her mortgage

• A)is a government-determined rate.
• B)can only be adjusted upward.
• C)can only be adjusted downward.
• D)cannot be adjusted.

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Definitions:

Cultural Competence

The ability to understand, appreciate, and interact with people from cultures or belief systems different from one's own.

Multi-racial Group

A group comprising individuals from multiple racial backgrounds, promoting diversity and inclusion.

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