Many People Who Signed Up for Adjustable-Rate Mortgages During the Sub-Prime

Question 87
Multiple Choice

Many people who signed up for adjustable-rate mortgages during the sub-prime mortgage debacle were no longer able to afford their payments.Many of these people were misled by their lenders.Which financial principle from Chapter 1 most applies? A) The best protection is knowledge. B) Mind games, financial personality, and your money C) Stuff happens, or the importance of liquidity. D) The time value of money