In 2005 and 2006, Because of Fears of Inflation, the Fed

question 61

Multiple Choice

In 2005 and 2006, because of fears of inflation, the Fed:

• A)increased interest rates which lead to higher monthly payments on fixed rate mortgages.
• B)increased interest rates which lead to higher monthly payments on ARMs.
• C)decreased interest rates which lead to higher monthly payments on fixed rate mortgages.
• D)decreased interest rates which lead to higher monthly payments on ARMs.

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Definitions:

Sustainability

The practice of conducting business in a manner that seeks to mitigate environmental impact and promote long-term ecological balance.

Future Generations

Future members of society who will live after the current generation and are often considered in discussions of sustainability and legacy.

Lifestyle

A way of living that reflects the attitudes, values, and behaviors of an individual or group, often used in marketing to segment and target consumers.

Pipeline

In sales, a visual representation of where prospects are in the sales process, from initial contact to final sale; in business, the supply chain process.