A collateralized loan - Study guides, Class notes & Summaries

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - ANSWER US Treasury Department. When a person brings an item to a pawnshop to obtain cash, the transaction is considered - ANSWER a collateralized loan

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 collateralized by the inventory i...

When a person brings an item to a pawnshop to obtain cash, the transaction is considered - a collateralized loan. To qualify for a Federal Housing Administration (FHA) loan, a person must generally - fulfill income guidelines. 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? - Notify the credit card companies in order to negotiate a new payment plan. Which of the following is consider...

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...

Wise Test Questions & Answers 2024 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. 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? - ANSWER-Notify the credit card companies in order to negoti...

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 ...

Wise practice test Credit When a person declares bankruptcy that fact will appear on the person?s credit report B: for a 10 year period. uestion 2 : 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? C: Notify the credit card companies in order to negotiate a new payment plan. Question 3 : Which of the following is considered to be open-end credit? C: Department store charge cards...

Wise test Review all topics latest 2023 graded A+ security given for loan, assets to secure the debt Collateral your ability to repay the debt. Do you have sufficient $money to repay a loan Capacity "net worth". wealth in the form of money or property owned by a person Capital good reputation, Integrity Character a summary of a person's borrowing and repayment history Credit history In the event that your credit card is stolen in the United States, federal law limits the liability of car...

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 ...

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. - answerCorrect Answer C Reason The Federal Housing Administration (FHA) insures lenders who make mortgage loans that are riskier than regular bank loans be...