Many subprime borrowers entered into "adjustable-rate mortgages" with low teaser rates. These mortgages allowed borrowers to pay a low interest rate for the first two years on their mortgage before the rate jumped to market levels. But the loan documents sometimes made it difficult for borrowers to understand that the rate would increase. This practice could lead to a bubble in housing prices because if:
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Business, 21.06.2019 19:30
How can a poor housing market put home buyers in a financially unstable position? a. changing property values means itβs easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.
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Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
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Business, 22.06.2019 19:00
The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.
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Business, 23.06.2019 00:30
Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm
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Many subprime borrowers entered into "adjustable-rate mortgages" with low teaser rates. These mortga...
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