> > >

Loans & Lending Practices MCQs

What does the term "Margin" mean?

The ratio of debt to equity

The claim a lender may place on property in return for making a loan

The amount the lender adds to the predetermined index rate of an Adjustable-Rate Loan to determine the new interest rate at each adjustment.

The borrowing of money<br>

Answer

Correct Answer: The amount the lender adds to the predetermined index rate of an Adjustable-Rate Loan to determine the new interest rate at each adjustment.

Explanation:

Note: This Question is unanswered, help us to find answer for this one

Loans & Lending Practices Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it

More Loans & Lending Practices MCQ Questions

Loans & Lending Practices Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it