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Which of the Following Is the Major Drawback of a RAM

Question 54

Multiple Choice

Which of the following is the major drawback of a RAM?


A) Older people lose a large part of the RAM income when their spouse dies.
B) Older people lose CPP benefits and private pension benefits.
C) High interest rates raise bank payments and reduce the older person's income.
D) Older home-owners are locked into their house and cannot sell it in the future.

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