In the early 2000s, the demand for mortgages was _______ rather than effective because whilst there were plenty of people who might have been willing to enter the market they were not always able to do so because of an inability to access the mortgage market?

Question

Quizplus · Accepted Answer

The term "latent demand" refers to the demand that exists for a product or service but is not currently being met due to various barriers or constraints. In this case, there were plenty of people who wanted to enter the mortgage market but were unable to do so because they could not access the necessary financing. Therefore, the demand was latent rather than explicit or implicit. The term "highlighted" does not accurately describe the demand in this context, as there is no indication that the demand was particularly emphasized or emphasized at all.

In the Early 2000s, the Demand for Mortgages Was _______