Multiple Choice
When interest payments on home mortgages and home equity loans are tax deductible,
A) households will keep other forms of debt separate from their home mortgage.
B) households will shift other forms of debt to their home mortgage.
C) households are likely to increase the amount of equity in their home.
D) the overall amount of household debt is likely to decrease in relation to household income.
Correct Answer:
Verified
Correct Answer:
Verified
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