The Fed's Low Short-Term Interest Rate Policy of 2002 to 2004

Multiple Choice

The Fed's low short-term interest rate policy of 2002 to 2004 made it highly attractive for buyers to purchase a house

A) with a large down payment and a 30-year, fixed rate mortgage.
B) with a large down payment and an adjustable rate mortgage.
C) with a small down payment and an adjustable rate mortgage.
D) quickly before housing prices began to decline in 2006.