One trend with a profound effect on people's standard of living is the ____________, which requires greater responsibility to manage money wisely.
A. single-income family
B. two-income family
C. investment family
D. retirement-income family
E. governmentÂ
Answer: B
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A ________ type of loan is similar to a line of credit. However, even though only a portion of the loan is available to the borrower, interest is paid on the entire face value of the loan
A) line of credit B) compensating balance loan C) straight loan with preset payment schedule D) discount loan
One of the provisions of the Affordable Care Act is to prevent insurance companies from denying coverage to consumers with preexisting conditions
Indicate whether this statement is true or false.
A derivatives dealer has a single transaction with a company which is a long position in a five-year option. The Black-Scholes-Merton value of the option is $6
Suppose that the credit spread on five-year bonds issued by the company is 100 basis points. What is the dealer's CVA per option purchased from the counterparty? A. $0.19 B. $1.19 C. $0.29 D. $1.29
Risa exchanges an office building with a $600,000 adjusted basis for an apartment building with a $1,000,000 FMV and $200,000 of marketable securities. The other party indicates he had paid $175,000 for the securities a year earlier. What is Risa's basis for the securities?
A. $200,000 B. $0 C. $175,000 D. none of the above.