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 :

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.


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