Homeowners with good credit history will usually be
A. wise enough never to borrow any of their home equity for any purpose.
B. wise enough to borrow part of their home equity only for sensible goals, like a big new SUV.
C. unaware that borrowing part of the equity in their home will increase their monthly payments.
D. able to borrow part of the equity in their home to achieve reasonable financial goals.
Answer: D
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If both the supply and demand curves shift simultaneously, we can always predict what will happen to
A) both the price and the quantity. B) either the price or the quantity, but not both. C) only the price. D) only the quantity. E) neither the price nor the quantity.
If a company offers a consultant the following five alternatives, which should she choose?
a. to be paid $50,000 now b. to be paid $30,000 now and $20,000 when the project in question is completed c. to be paid $25,000 now and $25,000 when the project in question is completed d. to be paid $10,000 now and $40,000 when the project in question is completed e. to be paid $50,000 when the project in question is completed
The ________ the reserve ratio, the ________ the money multiplier.
A) smaller;larger B) smaller;smaller C) larger;larger D) None of the above are correct
If an externality is present in a market, economic efficiency may be enhanced by
a. increased competition. b. weakening property rights. c. better informed market participants. d. government intervention.