Question

1. ___ private mortgage insurance (pmi) is a special policy that protects the lender in case the buyer cannot make payments.

Explanation:

This statement about Private Mortgage Insurance (PMI) is a factual description. In the context of Business, specifically in the subfield of Finance (as PMI relates to mortgage financing and protecting lenders in financial transactions), this is a true statement. So the blank should be filled with "True" as PMI indeed serves the purpose of protecting the lender if the buyer defaults on payments.

Answer:

True