Which of the following reduces moral hazard for the mortgage borrower?
A) Collateral
B) Down payments
C) Private mortgage insurance
D) Borrower qualifications
B
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Any unrealized gain or loss for the portfolio of available-for-sale securities is reported on the income statement in the other gain or loss section.
Answer the following statement true (T) or false (F)
In service department cost allocations, sales dollars should be used as an allocation base whenever possible.
Answer the following statement true (T) or false (F)
Which of the following does not offer some form of disability insurance?
A) Employer benefit package B) Individual health policy C) Medicare D) Worker's Comp E) Social Security
Mutual funds offer investors all of the following except
A) greater-than-average returns. B) diversified portfolios. C) lower transaction costs. D) professional investment management.