Of the following, who is permitted to purchase property in California without court approval?
a. Convicts
b. Minors
c. Incompetents
d. Foreign persons (aliens)
Answer: d. Foreign persons (aliens)
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Alt-A mortgages are
A) mortgages which are bundled together by financial institutions and sold to investors. B) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages. C) mortgages issued to borrowers with flawed credit histories. D) government-backed mortgages issued by Fannie Mae and Freddie Mac.
What is the average total cost of hiring the 7th worker?
a. $400 b. $800 c. $1200 d. $1600
If a country tries to maintain a fixed exchange rate, it must be
A. willing to print and sell its own currency to weaken it, if needed. B. a communist nation to accomplish it. C. willing to sell gold and hard currency to weaken its currency, if needed. D. willing to print and sell its own currency to strengthen it, if needed.
A depreciation of a nation's currency is
A. the increase in the exchange value of one nation's currency in terms of an other nation. B. the decrease in the exchange value of one nation's currency in terms of another nation. C. a situation in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand. D. a nation in which households, firms, and governments buy and sell national currencies.