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Question
What is the value of 3 points on a mortgage loan of $150,000?
Answer
This answer is hidden. It contains 6 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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The main goals of the Federal Reserves ____________________ policy are to maintain economic growth, to stabilize prices, and to keep international payments flowing smoothly.
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Which of the following attempts to protect the information that credit bureaus may collect?
a. Fair Debt Collection Act
b. Fair Credit Reporting Act
c. Truth in Lending Act
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Which of the following is NOT a function of the Federal Reserve?
a. levying a high tax on state bank notes
b. conducting bank examinations
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Explain how the successful economy of the 1920s helped cause the Great Depression of the 1930s.
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When did the U.S. government begin to print paper currency? Where did American paper currency come from before then?
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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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b. Reserve requirements are the most important factor in bank lending.
c. Reserve requirements do not change very often.
d. If reserve requirements are low, banks must keep back more money and therefore have less to lend.
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Money doesnt just mean currency, but also checks, ledger transfers, and even credit.
a. True
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What is a promissory note?
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This morning Terran had a balance in his checking account of $208.68. During the day he wrote two checks: one to his friend George for $23.00 and one to the comic book shop for $13.75. What is his account balance at the end of the day?
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Online systems called _________________________ allow consumers to pay each other directly for a product.
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b. promissory note.
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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
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Which of the following features of a check indicates who is to receive the funds?
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What is a certificate of deposit?
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What is a demand deposit?
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Angies salary is $45,000. If inflation this year is 3 percent, what does Angies salary need to be in order to hold the same purchasing value?
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A loosening of lending oversight standards contributed to the recent mortgage crisis.
a. True
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Counterfeiting was not a problem when the government first began printing paper currency.
a. True
b. False