Jaime Buys a Home by Paying Part of the Purchase

question 1

Multiple Choice

Jaime buys a home by paying part of the purchase price up front in cash and borrowing the rest of the funds from Valley Credit Union.The part of the price paid up front in cash is

• A)a down payment.
• B)a home equity loan.
• C)a reverse mortgage.
• D)the average prime offer rate.

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Definitions:

Frontal Cortex Maturation

Frontal cortex maturation is the developmental process in which the frontal lobe of the brain matures, significantly affecting decision making, reasoning, and impulse control, typically completing in early adulthood.

Axons

Long, slender projections of nerve cells that transmit electrical impulses away from the neuron's body to other neurons, muscles, or glands.

Hemisphere

One half of a spherical or roughly spherical body, typically referring to the divisions of the Earth or the brain.

Speech

The expression of thoughts and feelings by articulate sounds.