Which of the following is true of mortgage interest rates?
A) Longer-term mortgages have higher interest rates than shorter-term mortgages.
B) In exchange for points, lenders reduce interest rates on mortgage loans.
C) Mortgage rates are lower than Treasury bond rates because of the tax deductibility of mortgage interest payments.
D) All of the above are true.
E) Only A and B of the above are true.
E
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If one country is hit with a shock that increases the value of its currency and causes its net exports to decline and the net exports and income of other countries to rise, then the business cycle is being transmitted internationally through ____ effect.
A. a trade B. an interest-rate C. an exchange-rate D. an expected-inflation
Jenny is taking notes and facilitating the meeting, making sure the group follows the agenda. What role is Jenny providing?
a. recorder b. secretary c. procedural developer d. coordinator
The only accounts that are closed are income statement accounts
Indicate whether the statement is true or false
A company manufactured 50,000 units of a product at a cost of $250,000. They sold 40,000 units for $10 each. What is Gross Margin?
A) $150,000 B) $200,000 C) $400,000 D) $250,000