Adjustable rate mortgages with extremely low initial interest ...

[dmcintosh]

Adjustable rate mortgages with extremely low initial interest rates which enable high risk buyers to purchase homes are known as:
 a. upside down mortgages.
 b. ARMs.
 c. sub-prime loans.
 d. mortgage backed securities.

Question 2

In general, the purpose of markets is to facilitate the exchange of goods and services between buyers and sellers.
 a. True
  b. False
  Indicate whether the statement is true or false

[wuly]

Answer to Question 1

c

Answer to Question 2

True