Community Trust Bank Provides Devlin with a Mortgage to Buy

question 56

Multiple Choice

Community Trust Bank provides Devlin with a mortgage to buy a home. The rate of interest is fixed for seven years. At the end of that period, a large payment for the entire balance of the mortgage loan is due. This is

• A) a balloon mortgage.
• B) an adjustable-rate mortgage.
• C) an interest-only mortgage.
• D) a violation of the law.

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Definitions:

Heterozygous

Having two different alleles at a specific locus on a pair of homologous chromosomes, resulting in genetic variation.

Genetic Locus

A specific, fixed position on a chromosome where a particular gene or genetic marker is located.

X Chromosomes

One of the two sex chromosomes, present in both males (XY) and females (XX), that determine sexual differentiation in humans.

Phenylalanine Hydroxylase

An enzyme that converts phenylalanine into tyrosine, thus playing a crucial role in amino acid metabolism.