The buyer of a $125,000 home has paid $2,000 as earnest money and has a loan commitment for 70 percent of the purchase price. The balance of the cash the buyer needs to complete the transaction is
A) $3,500.
B) $35,500.
C) $37,000.
D) $37,500.
Answer: B) $35,500.
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The total market value of capital assets in the United States is about $30 trillion dollars.
Answer the following statement true (T) or false (F)
Risk-based deposit insurance premiums have recently been __________ and this is expected to __________ the moral hazard problem of deposit insurance
A) abolished; alleviate B) abolished; worsen C) established; alleviate D) established; worsen
Which of the following would be considered a market?
a. political debate b. charity gala c. church service d. garage sale
The rate of return in loanable funds describes the:
A. cost of borrowing. B. the profit firms should make when investing borrowed funds. C. interest rate on loans. D. expected profit that a project will generate per dollar invested.