Which of the Following Situations Is NOT a Common Cause

question 40

Multiple Choice

Which of the following situations is NOT a common cause for the use of a purchase-money mortgage?

• A) The buyer cannot come up with the down payment needed to qualify for a mortgage
• B) The seller wants to receive the gain from the sale in installments
• C) Third-party mortgage financing is too expensive of unavailable
• D) The seller desires to artificially raise the price of the property by receiving a higher-than-market interest rate

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Definitions:

Price Controls

Government-imposed limitations on the prices that can be charged for goods and services in a market.

Illegal Exchanges

Transactions that violate the law, such as the trade of banned substances or services.

Gasoline Prices

The cost per unit of gasoline, determined by various factors including crude oil prices, taxes, supply and demand, and refining costs.

Efficiency

The extent to which resources are used in the best way possible to produce goods and services, minimizing waste and costs.