Which of the Following Regarding Mobile Homes Is True

question 17

Multiple Choice

Which of the following regarding mobile homes is true?

• A) interest rates on loans are usually lower than on conventional homes
• B) they usually depreciate more rapidly than a conventional home
• C) they cannot be financed using FHA, VA, or Cal-Vet programs
• D) in most cities, they are allowed to be placed in any residential area

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Definitions:

NAV

Stands for Net Asset Value, which is the per-share market value of a fund's assets minus its liabilities, often used in context with mutual funds.

Real Estate Investment Trusts

Companies that own or finance income-producing real estate across a range of property sectors, offering investors regular income streams, diversification, and long-term capital appreciation.

Mutual Funds

Investment vehicles comprising pooled funds of investors that are managed by professionals, investing across a range of asset classes for diversification.

Money Market Securities

Short-term financial instruments with high liquidity and minimal risk, such as Treasury bills and certificates of deposit.