A 25-year floating rate mortgage has its rate adjusted twice a year. This gives it a re-pricing maturity of
A) six months.
B) twenty-four years and six months.
C) twenty-five years.
D) fifty years.
A
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Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080Which of the following is an acceptable term of trade?
A. 4 scarves for 2 sweaters B. 6 scarves for 1 sweater C. 2 scarves for 2 sweaters D. 10 scarves for 3 sweaters
Refer to Table 2-18. What is Mickey's opportunity cost of making a hat?
A) 1/10 of an umbrella B) 1/5 of an umbrella C) 5 umbrellas D) 10 umbrellas
In a situation where a car salesman is selling cars on behalf of the dealer, the salesman is the
a. Principal b. Agent c. Both of the above d. None of the above
One World View table titled "Union Membership" shows the unionization rates for several countries including the United States. The decline in the U.S. unionization rate is the result of
A. The decline in worldwide competition. B. A relative decline in service industries. C. The growth of large firms relative to small firms. D. A relative decline in manufacturing.