If you made a down payment of $11,000 on a house worth $110,000, the lenders will require _____ because of the size of the down payment.
A. closing points
B. a bond
C. private mortgage insurance
D. application fees
E. homeowner's insurance
Answer: C
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If the stock market is efficient and investors are risk neutral, then
A. capital gains are always positive. B. stock prices are predictable. C. the CAPM model works perfectly. D. stock prices follow a random walk.
When using the phone, what should be relied on to convey confidence and professionalism?
A) The ability to multitask while on the phone B) The ability to send links to the audience to support information conveyed while conversing C) The ability to use tone of voice to convey meaning D) The ability to block out distractions E) The ability to keep calls short and to the point
With respect to fund basis financial statements, governmental funds are considered to be a major fund when total assets, liabilities, revenues and expenditures combined are at least 10% of the total for the governmental funds category.
Answer the following statement true (T) or false (F)
Relevant costs in a sell-or-process-further decision include
A) only costs of additional processing. B) both additional revenues and additional costs. C) total revenues after additional processing. D) joint product costs.