During the 2000s, banks became complacent about making mortgage loans because
A. there was not a single bank failure in the decade.
B. bank stocks performed better than the rest of the stock market.
C. the banks counted on housing prices to keep appreciating.
D. the government eliminated the FDIC.
Answer: C
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A salesperson using a direct suggestion might begin by saying, "Mr. and Mrs. Smith, just imagine never having to worry about money during your retirement years."
Answer the following statement true (T) or false (F)
If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the account
A) Common Stock will be credited for $75,000. B) Paid-in Capital in excess of Par Value will be credited for $5,000. C) Paid-in Capital in excess of Par Value will be credited for $70,000. D) Cash will be debited for $70,000.
At the end of 2016, Erin was 74 years old and her traditional IRA had a balance of $300,000. She properly withdrew $12,605 from her IRA in 2017, which was the first year she took a withdrawal. In 2017, her IRA assets earned $37,500. What amount must Erin take as a distribution from her IRA in 2018?
A. $13,651. B. Some other amount. C. $14,768. D. $14,187.
An exchange between parties of oral or written promises that are enforceable in a court of law is a(n) ________
A) implied contract B) exchange contract C) express contract D) quasi-contract