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pirex pirex
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6 years ago
In 2008, foreclosures reached a record high. Which of the following are not possible reasons for foreclosures?
A) Many mortgages were initiated without a down payment.
B) Many mortgages were initiated on secondary and investment homes.
C) Some mortgages were adjustable rate mortgages which might have dramatically increased monthly payments for some.
D) Property values were increasing too fast.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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ChronosChronos
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#1
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6 years ago
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pirex Author
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6 years ago
Thank you, thank you, thank you!
riptide
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This site is awesome
kaytee23
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Thanks
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