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valputin valputin
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8 years ago
Adjustable rate mortgages
A) generally have higher initial interest rates than on conventional fixed-rate mortgages.
B) keep financial institutions' earnings high even when interest rates are falling.
C) benefit homeowners when interest rates are falling.
D) protect households against higher mortgage payments when interest rates rise.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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8 years ago
Perfect answer, thx
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
You're very welcome, valputin
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