1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blondinia [14]
3 years ago
8

If a one-year adjustable-rate mortgage loan (ARM) is originally offered at 7% interest with "caps of 1 and 6," the interest rate

cannot go above 8% at the first adjustment and no matter how hight the chosen index might rise, can never go above 11%. True/ False?
Business
1 answer:
ozzi3 years ago
3 0

Answer:

This will be false

Explanation:

Base on the scenario been described in the question, it is false because the rate can go above 8% at the first adjustment and according to how high the chosen index might rise, it can also go above 11% which is stated that it cannot, so it is false.

You might be interested in
On December 1, 2008, Secure Company bought a 90-day forward contract to purchase 200,000 euros (€) at a forward rate of €1 = $1.
navik [9.2K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
4 years ago
ECON HELP!!!!!!!!!!!
lawyer [7]

Answer:

B. the economy is relatively healthy

Explanation:

3 0
4 years ago
The short-run aggregate supply curve shows: O Changes in output in an economy as the price level changes, holding all other dete
tankabanditka [31]

Answer:

It show the <em>Changes in output in an economy as the price level changes, holding all other determinants of real GDP constant </em>

Explanation:

<em>The short run aggregate supply curve displays the adjustments in an economy's production as the price level increases, keeping all the other actual GDP determinants constant. </em>

This demonstrates the connection of the price level to the output

Holding all GDP determinants stable as demand shifts with short run prices indicates a strong correlation among price level and output

5 0
4 years ago
Andy works at a shoe manufacturing plant. He has a nine-hour daily shift in the factory. However, he only works for six hours an
kramer

Answer:

A) Production deviance.

Explanation:

Workplace deviance is a group psychology concept that refers to deliberate intention to cause harm to an organisation, to a workplace specifically.

In other word, it's a voluntary behaviour that violates organisation's norms.

Particularly, in this case, it's a production deviance, because not working right amount of hours will cause production problems, since that Andy works at a shoe manufacturing.

6 0
3 years ago
One-way tabulations serve several purposes in the research process. They can: a) Profile sample respondents b) Distinguish betwe
Lana71 [14]

Answer:

One-way tabulations serve several purposes in the research process - e) All of the above.

3 0
3 years ago
Other questions:
  • Quality is primarily related to satisfaction viewpoint of:___________.
    8·1 answer
  • Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example
    12·1 answer
  • On October 1, Hill Corporation signed a 6-month note with principal of $10,000 and interest of $600 due in six months. The state
    11·1 answer
  • Mr. Bass transferred a building that had an adjusted basis to him of $300,000 and a fair market value of $500,000, to Corporatio
    5·1 answer
  • Jagjit company designs and builds retaining walls for individual customers. on august 1, there were two jobs in process: job 93
    15·1 answer
  • One bag of flour is sold for $1.50 to a bakery, which uses the flour to bake bread that is sold for $4.00 to consumers. a second
    5·1 answer
  • During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi
    6·1 answer
  • A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $1,150,000, an
    9·1 answer
  • Suppose Stan holds a portfolio consisting of a $10,000 investment in each of 8 different common stocks. The portfolio's beta is
    5·1 answer
  • On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!