If a loan is not paid within a reasonable time after a notice of default, the borrower will receive a notice of sale.
Answer the following statement true (T) or false (F)
True
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A country engages in a contractionary monetary policy that causes its income to decline and its interest rate to rise. This causes investors from other countries to increase their financial investments in that country, causing the interest rate in the investors' countries to rise. In this case, the business cycle is being transmitted internationally through ____ effect.
A. a trade B. an interest-rate C. an exchange-rate D. an expected-inflation
Which of the following statements is TRUE?
A) A minor can never make a contract. B) Parents are liable for their children's contracts. C) A minor can make a contract for necessities (necessaries). D) If an adult honestly believes a minor is over the age of majority, the contract is binding on the minor. E) If a minor pays the contract price in full, the contract is valid.
A company uses the effective interest method to amortize a bond premium. Which of the following statements is true regarding the carrying value of the bond?
A. The carrying value will decrease by smaller amounts each year. B. The carrying value will decrease by equal amounts each year. C. The carrying value will decrease by larger amounts each year. D. The carrying value will be lower than the face value of the bond until maturity.
From an energy perspective, which is the most efficient mode of transportation for packages?
A) car B) trucking C) rail D) air