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Question
A point is a value equal to ____________________ of a mortgage loan.
a. 1 percent
b. 2 percent
c. 5 percent
d. 10 percent
Answer
This answer is hidden. It contains 1 characters.
Related questions
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The right of ____________________ allows a consumer to change his or her mind about a loan until midnight of the third business day following the signing of papers.
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a. Fair Debt Collection Act
b. Fair Credit Reporting Act
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a. levying a high tax on state bank notes
b. conducting bank examinations
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How did Alexander Hamilton attempt to establish the federal government as the final authority for Americas economic security?
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A(n) ____________________ savings account provides a ledger of activity that a teller updates when a customer makes deposits or withdrawals.
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a. Reserve requirements apply to the M1 and M2 money supply.
b. Reserve requirements are the most important factor in bank lending.
c. Reserve requirements do not change very often.
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a. True
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What is a promissory note?
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Online systems called _________________________ allow consumers to pay each other directly for a product.
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a. floating check.
b. promissory note.
c. postdated check.
d. bounced check.
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Which of the following largely eliminated the wide variation of legal regulation from the countrys payments system?
a. Federal Reserve Act of 1913
b. Uniform Commercial Code of 1958
c. National Banking Act of 1864
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Which of the following features of a check indicates who is to receive the funds?
a. the bearer
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What is a certificate of deposit?
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a. True
b. False
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a. True
b. False