Business, 13.01.2022 14:00 jonquil201
Select the correct answer below:
a. If the price level (as measured by the CPI) increases, a borrower with an adjustable rate mortgage (ARM) will receive a lower interest rate.
b. If the price level (as measured by the CPI) increases, a borrower with an adjustable rate mortgage (ARM) will receive a higher interest rate.
c. If the price level (as measured by the CPI) increases, a borrower with a fixed-rate mortgage will receive a lower interest rate.
d. If the price level (as measured by the CPI) increases, a borrower with a fixed-rate mortgage will receive a higher interest rate.
Answers: 2
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