The Real Estate Settlement Procedures Act (RESPA):
A. requires that title insurance be purchased from the company specified by the seller.
B. requires that buyers receive advance disclosure of the settlement costs that will be incurred.
C. is designed to prevent discrimination against pregnant women and families with children in settlement procedures.
D. permits settlements for referral of business to title companies.
Answer: B
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The government as a lender of last resort
A. will make loans to anyone, regardless of their level of wealth or income. B. does not discriminate in loan markets. C. guarantees to supply funds to solvent but illiquid banks. D. gives money to banks with negative equity capital.
It is increasingly believed by some individuals that a more ______ approach may be what is actually necessary to achieve effectiveness in modern work settings.
a. male b. female c. aggressive d. decisive
Grant Manufacturing is considering investing in equipment that costs $70,000. The equipment would be depreciated using the straight-line method with no half-year convention over seven years and have no salvage value. If the company has a 40 percent income tax rate and desires an after-tax rate of return of 14 percent on investments, the total present value of the depreciation tax shield is:
A) $42,883. B) $27,972. C) $25,730. D) $17,153.
A pronoun (or noun) that follows a preposition is the object of the ________
a. preposition b. antecedent