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    Exam 14: Macroeconomic Policy: Challenges in a Global Economy
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    Adjustable-Rate Mortgages
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Adjustable-Rate Mortgages

Question 69

Question 69

Multiple Choice

Adjustable-rate mortgages


A) are mortgages whose interest rates can change.
B) are mortgages whose interest rates cannot change.
C) usually have interest rates higher than market rates during the first year.
D) are more attractive when interest rates on fixed mortgages fall.

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