Question
Mortgages with variable interest rates: Group of answer choices make borrowers worse off when inflation increases. increase economic efficiency. are offered at interest rates that
Mortgages with variable interest rates:
Group of answer choices
make borrowers worse off when inflation increases.
increase economic efficiency.
are offered at interest rates that can be adjusted to changes in inflation over time.
shift the risk of unexpected inflation from the borrower to the lender.
increase the risk of expected inflation to creditors.
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
