felandisbrunson54 felandisbrunson54

12-05-2024
Business

Answered

True of False: People who take out fixed-rate mortgages are less likely to
default than those who take out adjustable-rate mortgages.
Choose only ONE best answer.
A
True
B
False

Answer :

GinnyAnswer GinnyAnswer

12-05-2024

Final answer:

Adjustable-rate mortgages do not inherently lead to higher default rates compared to fixed-rate mortgages.

Explanation:

False: People who take out adjustable-rate mortgages are not necessarily more likely to default than those who take out fixed-rate mortgages. The likelihood of default depends on various factors such as the borrower's financial situation, economic conditions, and future interest rate changes.

Learn more about mortgage types and default rates here:

https://brainly.com/question/36127796

Answer Link

Other Questions

Select the correct answer.Adrianna is using exponential functions to model the value, in whole dollars, of two investments. She represents the value of investme

Identification of the causative microbe for a diarrheal infection often requires a stool culture. The best medium for this purpose is ____.Select one:A. A gener

Which polynomial represents the sum below?[tex]\[ \begin{array}{r} 3z^2 + 7z + 3 \\ +\quad 5z^2 + 12z \\ \hline \end{array} \][/tex]A. [tex]\(8z^2 + 19z + 3\)[/

If a political scientist were to compare the size of bureaucracies in the united states meaningfully, they would likely look at ______. a. the size of the servi

Select all the correct answers.A historian is looking to study the political causes for a particular city's rapid development. Which two types of historical rec

What is the slope of the line that contains the points [tex]\((-1,9)\)[/tex] and [tex]\((5,21)\)[/tex]?A. [tex]\(-\frac{1}{2}\)[/tex]B. -2C. 2D. [tex]\(\frac{1}

If [tex]\( a = 8 \)[/tex] and [tex]\( b = 7 \)[/tex], what is the value of [tex]\( a^2 - b^2 \)[/tex]?A. 15 B. 20 C. 24 D. 28 E. 27

Which algebraic expression is a polynomial with a degree of 5?A. [tex]\( 3x^5 + 8x^4y^2 - 9x^3y^3 - 6y^5 \)[/tex]B. [tex]\( 2xy^4 + 4x^2y^3 - 6x^3y^2 - 7x^4 \)[

\begin{tabular}{|c|c|c|c|}\hlineA & B & C & D \\\hline3.25 & [tex]$\frac{3}{4}$[/tex] & [tex]$2 \frac{3}{5}$[/tex] & [tex]$\frac{23}{4}$

Below are photos taken under a microscope. Identify the phase of the cell cycle being shown in each photo.