The mortgages used to purchase the shopping malls and office buildings are classified as ____________?
Correct answer: C. commercial mortgages
- A. developed mortgages
- B. dwelling mortgages
- C. commercial mortgages
- D. non-commercial mortgages
Explanation
Mortgages for income-producing properties such as shopping malls and office buildings are commercial mortgages. Dwelling mortgages are intended for residential property rather than business premises.
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