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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
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II and IV, only
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I and IV, only
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II and III, only
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I and III, only
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