Multiple Choice
Timothy, a staff member at a university, wants to purchase a house. As he does not have sufficient funds, he is forced to take a loan. Given his low credit score, it is highly unlikely that he will be able to repay the borrowed money. In this scenario, Timothy should apply for a(n) _____.
A) subsidized loan
B) subprime mortgage loan
C) endowment mortgage loan
D) concessional loan
Correct Answer:
Verified
Correct Answer:
Verified
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