A collateralized loan Study guides, Class notes & Summaries

FINN 3053 UPDATED Questions and CORRECT Answers What is a mortgage? - Ans Loan to an individual or business to purchase real property (secured or collateralized) Mortgage Types - Ans - Single family - Multifamily - Commercial - Farming

When a person brings an item to a pawnshop to obtain cash, the transaction is considered - ANSWER a collateralized loan. To qualify for a Federal Housing Administration (FHA) loan, a person must generally - ANSWER fulfill income guidelines.

WISE TEST REVIEW PF QUESTIONS & ANSWERS 2024 10 years - ANSWER-when a person declares bankruptcy, that fact will appear on the person's credit report for how long? 7 years - ANSWER-most of the adverse information on a credit report appears for how long? notify the credit card companies and negotiate new terms - ANSWER-a person has three credit cards with very large outstanding balances and is unable to make payments on any of them. which action should the person take? a collateral...

Wise 50?’s Practice test 1 Questions and Answers Rated A+ NB: Answers appear at the top of questions and are highlighted in yellow US Treasury Department If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the National Credit Union Association (NCUA) insures each depositor's accounts up to $100,000 in one credit union Credit union Are insured by National Credit Union Association (NCUA) Travelers checks Function as cash and are easily replaced if lost ...

The German economy is on the verge of a recession. The Canadian government announces that there was another quarterly increase in its GDP figures. An investor wanting to act on this information will buy: I. Euro calls II. Euro puts III. Canadian dollar calls IV. Canadian dollar puts - Answer- II and III only A corporation's shareholders must vote for: a. Cash dividends b. Stock dividends c. Stock splits d. Stopping dividends - Answer- c Which of the following institutions does...

How many baseline and meridian systems in CA? - ANSWER3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? - ANSWERCA In the order in which they are to occur, the three steps of agency discosure are? - ANSWERdisclose, elect, confirm The value of a residential property is best measured by which of the following groups of characteristics? - ANSWERDemand, utility, scarcity, and transferability Collateralized loan - ANSW...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 To qualify for a Federal Housing Administration (FHA) loan, a person must generally A. have at least a high school diploma. B. have one-quarter of the cost of the home for a down-payment. C. fulfill income guidelines. D. provide two individuals to co-sign the loan. Correct Answer C Reason The Federal Housing Administration (FHA) insures lenders who make mortgage loans that are riskier than regular bank loans because F...

How many baseline and meridian systems in CA? 3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? CA In the order in which they are to occur, the three steps of agency discosure are? disclose, elect, confirm The value of a residential property is best measured by which of the following groups of characteristics? Demand, utility, scarcity, and transferability Collateralized loan A loan secured by another loan, rather...

ESB certification vocabulary (2022/2023) Rated A Break Even Formula To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. Driving Sales the largest automotive marketing resource and car dealer social network, providing industry best practices and more Inventory Loan The loan is collate...

ESB certification vocabulary(Vocab for certification test)2023 Break Even Formula To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. Driving Sales the largest automotive marketing resource and car dealer social network, providing industry best practices and more Inventory Loan The ...