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Question
If a 15-years monthly-payment $200,000 mortgage has a 7 percent of annual percentage rate. What is the loan balance after 10 years if paid as agreed?a. $92,721
b. $83,581
c. $85,492
d. $90,785
Answer
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Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
e. The Gramm-Leach-Bliley Act
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A state-chartered bank which is not a member of the Federal Reserve System will
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b. Office of Comptroller of Currency
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a. the banks will be upset with FDIC.
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c. want the right to fight competition.
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Q:
The presence of moral hazard incentives
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Financial institutions are regulated for the following reason(s):
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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A foreign branch office of a U.S. bank is regulated by
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b. the host country bank regulation.
c. the FDIC.
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e. both a and b
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All of the following are techniques reducing credit risk in international lending except
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Which of the following is associated with the currency risk of international lending by a U.S. bank?
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Mutual fund managers can keep their cash balances low by all but one of the following:
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