Exam 3 MAT 143 questions with
verified answers passed
Subsidized - correct answer ✔✔When the interest is covered by government while borrower is
still in school, student loan.
Unsubsidized - correct answer ✔✔Interest added to principal while borrower is still in school
loan is called.
Mortgage - correct answer ✔✔Long term loan where lender has right to seize property b/c
payments arent being made.
Fixed rate mortgage - correct answer ✔✔Interest stays SAME for entire time of loan.
Adjustable rate mortgage - correct answer ✔✔Rate of interest could fluctuate(increase or
decrease) during period of loan.
Stock - correct answer ✔✔When a company files legal papers to become a corporation
Dividend - correct answer ✔✔When company makes money and distribute part of profit to
shareholders (people who purchased stocks)
Bonds - correct answer ✔✔Companies like this to raise money for their company for startup
costs or special projects.
Stock Exchange - correct answer ✔✔Where you buy and sale stocks
verified answers passed
Subsidized - correct answer ✔✔When the interest is covered by government while borrower is
still in school, student loan.
Unsubsidized - correct answer ✔✔Interest added to principal while borrower is still in school
loan is called.
Mortgage - correct answer ✔✔Long term loan where lender has right to seize property b/c
payments arent being made.
Fixed rate mortgage - correct answer ✔✔Interest stays SAME for entire time of loan.
Adjustable rate mortgage - correct answer ✔✔Rate of interest could fluctuate(increase or
decrease) during period of loan.
Stock - correct answer ✔✔When a company files legal papers to become a corporation
Dividend - correct answer ✔✔When company makes money and distribute part of profit to
shareholders (people who purchased stocks)
Bonds - correct answer ✔✔Companies like this to raise money for their company for startup
costs or special projects.
Stock Exchange - correct answer ✔✔Where you buy and sale stocks
