REAL ESTATE FINANCE CHAMPIONS NEWEST
COMPLETE 200 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
_____ is the consummation of a contractual real estate transaction in which all
appropriate documents are signed, and the mortgage loan proceeds are disbursed
by the lender. - ANSWER: Closing
The primary determinants of real estate values are supply and _____. - ANSWER:
Demand
_____ is something of value that can be pledged as security for repayment of a loan.
- ANSWER: Collateral
Servicing includes which of the following activities? - ANSWER: Maintaining records
of payment
The monetary policies of the _____affects interest rates and the availability of funds.
- ANSWER: Federal Reserve
An excess supply of money in the market results in monetary _____. - ANSWER:
Inflation
Which agency insures deposits in banks and thrift institutions for up to $250,000? -
ANSWER: The Federal Deposit Insurance Corporation
The _____ is the interest rate a reserve bank charges eligible financial institutions to
borrow funds on a short-term basis. - ANSWER: Discount rate
Raising taxes and increasing borrowing are two ways at the treasury level to: -
ANSWER: Raise funds to pay for government spending
The Fed uses three primary monetary policy tools to influence the cost and
availability of credit: open market operations, the discount rate, and _____. -
ANSWER: Reserve requirements
When the costs of production and services increase, causing manufacturing prices to
rise, it is called _____. - ANSWER: Cost-push inflation
Which of the following transactions is exempt from RESPA? - ANSWER: Temporary
loans
Under the _____, the use of certain terms in an advertisement triggers the need for
full disclosure of lending terms. - ANSWER: Truth in Lending Act
COMPLETE 200 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
_____ is the consummation of a contractual real estate transaction in which all
appropriate documents are signed, and the mortgage loan proceeds are disbursed
by the lender. - ANSWER: Closing
The primary determinants of real estate values are supply and _____. - ANSWER:
Demand
_____ is something of value that can be pledged as security for repayment of a loan.
- ANSWER: Collateral
Servicing includes which of the following activities? - ANSWER: Maintaining records
of payment
The monetary policies of the _____affects interest rates and the availability of funds.
- ANSWER: Federal Reserve
An excess supply of money in the market results in monetary _____. - ANSWER:
Inflation
Which agency insures deposits in banks and thrift institutions for up to $250,000? -
ANSWER: The Federal Deposit Insurance Corporation
The _____ is the interest rate a reserve bank charges eligible financial institutions to
borrow funds on a short-term basis. - ANSWER: Discount rate
Raising taxes and increasing borrowing are two ways at the treasury level to: -
ANSWER: Raise funds to pay for government spending
The Fed uses three primary monetary policy tools to influence the cost and
availability of credit: open market operations, the discount rate, and _____. -
ANSWER: Reserve requirements
When the costs of production and services increase, causing manufacturing prices to
rise, it is called _____. - ANSWER: Cost-push inflation
Which of the following transactions is exempt from RESPA? - ANSWER: Temporary
loans
Under the _____, the use of certain terms in an advertisement triggers the need for
full disclosure of lending terms. - ANSWER: Truth in Lending Act
