The mortgages used to purchase the townhouses and apartment complexes are classified as ___________?
Correct answer: B. multifamily dwelling mortgages
- A. multi mortgage
- B. multifamily dwelling mortgages
- C. sovereign dwelling mortgages
- D. primary dwelling mortgages
Explanation
Mortgages financing properties designed for several families, such as townhouses and apartment complexes, are called multifamily dwelling mortgages. “Primary dwelling” generally refers to an individual borrower’s main residence.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
The type of bond whose present value is lesser than that of its face value is classified as ___________?
The more the coupon payment or promised interest payment ____________?
The investors of the coupon bond will receive cash flow very soon if the ____________?
The ownership of mortgaged property will be transferred to financial institution if the ____________?
The mortgages used to purchase the shopping malls and office buildings are classified as ____________?
The loan which is made available for businesses or individuals to buy land, home or other property is classified as ___________?