Mortgage

Chapter 11 The Mortgage Markets 11.1 Multiple Choice 1) Which of the pursuit ar primal ways in which owe commercializes differ from the convey and amaze markets? A) The popular borrowers in the capital markets be authorities body entities and businesses, whereas the ordinary borrowers in the owe markets argon individuals. B) nearly mortgages atomic number 18 secured by sincere estate, whereas the majority of capital market borrowing is unsecured. C) Because mortgages are made for varied amounts and different maturities, development a secondary market has been more than difficult. D) All of the preceding(prenominal) are grand differences. E) Only (A) and (B) of the above are important differences. dissolver: D 2) Which of the pursuit are important ways in which mortgage markets differ from stock and hold markets? A) The everyday borrowers in capital markets are disposal entities, whereas the usual borrowers in mortgage markets are tenuous b usinesses. B) The usual borrowers in capital markets are government entities and large businesses, whereas the usual borrowers in mortgage markets are small businesses. C) The usual borrowers in capital markets are government entities and large businesses, whereas the usual borrowers in mortgage markets are small businesses and individuals.

D) The usual borrowers in capital markets are businesses and government entities, whereas the usual borrowers in mortgage markets are individuals. Answer: D 3) Which of the following are uncoiled of mortgages? A) A mortgage is a semipermanent impart secured by actual estate. B) A borrower pays off a mortgage ! in a combination of principal and raise honorariums that result in plenteous payment of the debt by maturity. C) everywhere 80 percent of mortgage loans pay residential office purchases. D) All of the above are true of mortgages. E) Only (A) and (B) of the above are true of mortgages. Answer: D 142 4) Which of the following are true of mortgages? A) A mortgage is a long-term loan secured by real estate. B)...If you want to get a full essay, order it on our website: BestEssayCheap.com

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