The best time to get an ARM is when the market rates of interest are high
Indicate whether this statement is true or false.
Answer: TRUE
You might also like to view...
If your after-tax expected real interest rate is 3 percent on a one-year bond that pays 4 percent interest, what is the expected inflation rate if you face a tax rate of 20 percent?
A. 0.0 percent B. 0.2 percent C. 2.0 percent D. 20.0 percent
Overstating ending inventory has the following effect on cost of goods sold and net income respectively
a. COGS - overstated and NI - overstated b. COGS - understated and NI - overstated c. COGS - overstated and NI - understated d. COGS - No effect and NI - understated
The three basic layout types discussed in the chapter are process, product, and ____
A) Continuous B) Fixed position C) Regional D) Service factory E) Project
An American company recently won a huge contract with a company in Indonesia, by gifting the Indonesian government officials with American cars and an assurance of monetary gifts. Clearly, this procedure
A. defines the terms of the business contract, and as long as both parties sign, the agreement is binding. B. violates the Fair and Balanced Competitive Practices Act. C. defines the common business practices of the foreign nation and should be respected. D. violates the Foreign Corrupt Practices Act.