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8.5 Indexing and its limitations

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  • Card 10 / 12:
    adjustable-rate mortgage (ARM)

    a loan used to purchase a home in which the interest rate varies with market interest rates

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Source:  OpenStax, University of houston downtown: macroeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11653/1.3
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