Which of the following statements regarding fixed-rate loans is true?
A. Fixed-rate loans are preferable when interest rates are expected to rise.
B. The cost of fixed-rate loans increases with an increase in the market interest rate.
C. The cost of fixed-rate loans decreases with a decrease in the market interest rate.
D. Fixed-rate loans are preferable when interest rates are expected to fall.
E. The interest rates on fixed-rate-loans have periodic adjustment dates, at which time monthly payments are adjusted.
Answer: A
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Why are controls like budgets and operating procedures that McDonald's implements known as input controls?
A. They are implemented by corporate headquarters. B. They are ad hoc and not codified. C. They are independent of an organization's culture. D. They are considered before employees make any decisions.
Identify a true statement about equity theory.
A. A drawback of equity theory is that people are not motivated if their physiological and safety needs are met. B. It typically includes five factors, which are task identity, skill variety, task significance, feedback, and autonomy. C. A drawback of equity theory is that people are prone to overestimate their own contributions. D. It proposes that workers are not motivated if they do not have freedom and authority regarding their jobs.
Credit card insurance is usually unnecessary since your liability on credit card losses is limited by law to
A) $ 0 B) $50 C) $100 D) $500
Omega Company reported the following information for the company's two products: Product X Product YSelling price per unit$35 $25 Variable cost per unit 20 15 ?Assume that 75,000 machine hours are available; product X takes four machine hours to produce, and product Y takes two machine hours to produce. The company can sell all it can make of either product. Which of the following statements is true?
A. Product X should be produced because it provides a greater contribution margin. B. Product Y should be produced because more of it can be produced. C. Product Y should be produced because it will produce greater total profit. D. Both products provide the same total profit.