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Which types of mortgages would be preferable if interest rates are expected to decline? I. Closed II. Open III. Fixed-rate IV. Variable-rate Points: 1 II

Which types of mortgages would be preferable if interest rates are expected to decline?

I. Closed

II. Open

III. Fixed-rate

IV. Variable-rate

Points: 1

  1. II and IV, only

  2. I and IV, only

  3. II and III, only

  4. I and III, only

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