Multiple Choice
Interest payments on home mortgages and home equity loans are tax deductible. This tax deductibility encourages households to
A) shift other forms of debt to their home mortgage.
B) increase the equity in their house.
C) make larger payments and pay down their mortgage loan more rapidly.
D) decrease the overall amount of household debt in relation to household income.
Correct Answer:
Verified
Correct Answer:
Verified
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