A subprime loan is a loan ____, while an ARM is a loan ____.
A) that has a low initial interest rate, but the interest rate adjusts according to market conditions; made to individuals with a high risk of default.
B) that has low an interest rate made to low-risk borrowers; that has a low initial interest rate, but the interest rate adjusts according to market conditions.
C) that has a low initial interest rate, but the interest rate adjusts according to market conditions; made to low-risk borrowers.
D) made to individuals with a low risk of default, that has a low initial interest rate, but the interest rate adjusts according to market conditions
E) made to individuals with high risk of default; that has a low initial interest rate, but the interest rate adjusts according to market conditions.
Correct Answer:
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