The safest place to get a mortgage is at your bank, credit union, or savings and loan institution
Indicate whether this statement is true or false.
Answer: TRUE
You might also like to view...
The following data were taken from the financial statements of Howard Corporation for the year ended December 31 . 2014: Net sales ............................................... $120,000 Net income .............................................. 30,000 Total assets, January 1 . 2014 ........................... 400,000 Total assets, December 31 . 2014 ......................... 600,000 What was
Howard's rate of return on assets for 2014? a. 5 percent b. 6 percent c. 20 percent d. 24 percent
All of the following statements about 403(b) plans are true EXCEPT
A) Contributions to a 403(b) reduce an employee's taxable income. B) 403(b) plans are designed for employees of public school systems and tax-exempt organizations. C) The law limits the amount of income that an employee can elect to defer under a 403(b) plan. D) Matching employer contributions are not permitted under a 403(b) plan.
To automate routine tasks to help firms search for and filter information for use in electronic commerce and supply chain management a firm would most likely use
A) CAD systems. B) virtual reality systems. C) fuzzy logic systems. D) intelligent agents. E) genetic algorithms.
Which of the following is true regarding Investment Banks?
A) As a result of the financial crisis of 2008, all stand alone Investment banks either failed, were merged into commercial banks, or became commercial banks. B) Under the Glass-Steagal act, commercial banks were allowed to operate as Investment banks. C) When Glass-Steagal was repealed in 1999, commercial banks and Investment banks had to be separate entities. D) As of 2010, stand alone Investment banks are numerous.