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Diversity and Multiculturalism Are Terms That Can Be Used Interchangeably

question 47

True/False

Diversity and multiculturalism are terms that can be used interchangeably.


Definitions:

Down Payment

The part of the purchase price of real property that is paid in cash up front, reducing the amount of the loan or mortgage.

Adjustable-Rate Mortgage

A home loan with an interest rate that can change periodically based on changes in a corresponding financial index.

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the earnings from lending money.

Fixed-Rate Mortgage

A mortgage loan with an interest rate that remains unchanged for the entire term of the loan.

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