According to the Consumer Financial Protection Bureau, banks must not offer mortgage loans to households for whom the monthly mortgage payments costs more than _____ of their income.
A. 20 percent
B. 35 percent
C. 43 percent
D. 50 percent
Answer: C
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Crash cost per period is determined by which of the following equations?
a. (Crash cost) / (Normal cost) b. (Crash cost – normal cost) / (normal time – crash time) c. (Normal time – crash time) / (crash cost – normal cost) d. It is impossible to calculate the crash cost per period for an activity
Which of the following defenses to negligence serves as a complete bar to recovery?
A) Comparative negligence B) Contributory negligence C) Both a and b D) None of the above
Lex meractoria refers to:
a. ancient Egyptian trade law with foreign traders b. rules governing commercial transactions in Europe in the Middle Ages c. African trade rules d. Roman law regarding banking and trade rules with the empire e. Greek law regarding trade with the Ottoman Empire
The tax character of an item of income can change when Congress amends the tax law.
Answer the following statement true (T) or false (F)