Exam (elaborations)
Real Estate Finance Final Exam (California Real Estate Finance Final Exam A 6th edition)
- Course
- Institution
Real Estate Finance Final Exam (California Real Estate Finance Final Exam A 6th edition)
[Show more]
Seller
Follow
LeCrae
Reviews received
Content preview
Real Estate Finance Final Exam(California Real Estate Finance Final
Exam A 6th edition)
Usury is:
a. an interest payment in excess of the legally permitted rate.
b. a medieval form of slavery.
c. a person who has a financial trust.
d. none of the above. Correct Ans - an interest payment in excess of the
legally permitted rate.
The Federal Reserve is empowered to:
a. set reserve requirements.
b. oversee Regulation Z.
c. control open market operations.
d. all of the above. Correct Ans - all of the above.
An underwriter:
a. is an insurance agent.
b. is a federal reserve board official.
c. makes an assessment of loan risk.
d. none of the above. Correct Ans - makes an assessment of loan risk.
An estate that is limited to the lifetime of the owner is called a:
a. fee simple estate.
b. leased fee estate.
c. leasehold estate.
d. life estate. Correct Ans - life estate.
The first central bank in the United States was the:
a. Bank of the United States.
,b. Federal Reserve.
c. Bank of New England.
d. Subtreasury. Correct Ans - Bank of the United States.
Minimum capitalization and reserves for any bank that applied for a National
Bank Charter was originally set by:
a. The Wildcat Era Act of 1763.
b. The National Bank Act of 1963.
c. The National Bank Act of 1863.
d. all of the above. Correct Ans - The National Bank Act of 1863.
The London Goldsmiths:
a. developed deposit banking.
b. developed bearer notes.
c. made loans from their clients' money.
d. all of the above. Correct Ans - all of the above.
The prime rate is:
a. a bank's lowest rate to its best customers.
b. based on a customer's average daily balance.
c. given only to bank employees.
d. none of the above. Correct Ans - a bank's lowest rate to its best
customers.
Open market operations are:
a. carried out by the U.S. Treasury.
b. sales and purchases of U.S. Treasury Bonds by the Federal Reserve.
c. directed by the President of the U.S.
d. none of the above. Correct Ans - sales and purchases of U.S.
Treasury Bonds by the Federal Reserve.
A stock certificate is:
a. a loan document.
b. an ownership interest document.
, c. a legal tender form of money.
d. none of the above. Correct Ans - an ownership interest document.
A bond is:
a. a tax lien.
b. an ownership document.
c. a form of usury.
d. a debt instrument. Correct Ans - a debt instrument.
In a seller's market:
a. supply exceeds demand.
b. demand exceeds supply.
c. home prices decline.
d. none of the above. Correct Ans - demand exceeds supply.
Predatory loan practices include:
a. fraud.
b. usury.
c. deception.
d. all of the above. Correct Ans - all of the above.
The primary market is made up of:
a. first-time homebuyers.
b. federal agencies.
c. local lending institutions.
d. none of the above. Correct Ans - local lending institutions.
FHLMC (Freddie Mac) is an example of:
a. a secondary market participant.
b. a primary market only participant.
c. a federal agency lender open only to veterans.
d. none of the above. Correct Ans - a secondary market participant.
Traditional savings and loans:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now