AnswersDRHS GA-GSE Personal Financial LiteracyCumulative Exam — Cumulative examQuestion 37
37
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 37 • DRHS GA-GSE Personal Financial Literacy

What is an advantage of an adjustable-rate mortgage?

Answer
A
A borrower always knows how much to pay the bank each month.
B
A borrower can purchase a home with little financial risk.
C
A drop in interest rates may result in lower monthly payments.
D
A rise in interest rates may result in lower monthly payments.
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