Grand Canyon University
BUS 220
Quiz 1
Question 2 of 50
2.0/ 2.0 Points
Which of the following is NOT a primary market financial institution?
A.a. Commercial bank
B.b. Savings association
C.c. Credit union
D.d. Ginnie Mae
Answer Key: D
Question 3 of 50
0.0/ 2.0 Points
Double-digit interest rates in the 1980s led to all of the following types of creative financing EXCEPT
A.a. participation financing.
B.b. term loans.
C.c. variable interest rate loans.
D.d. graduated payment loans.
Answer Key: D
Question 4 of 50
0.0/ 2.0 Points
The focus of the lenders shifted in the 1990s to
A.a. jumbo loans.
B.b. adjustable-rate mortgages.
C.c. refinancing existing mortgage loans.
D.d. variable payment loans.
Answer Key: C
Question 5 of 50
2.0/ 2.0 Points
Which of the following would have the LEAST affect on real estate values?
A.a. Change in zoning permitting higher density
, B.b. New legislation requiring environmental impact studies
C.c. Decline in the New York Stock Exchange
D.d. Stricter building codes in that area
Answer Key: C
Question 6 of 50
2.0/ 2.0 Points
Long-term cycles in real estate generally run from
A.a. three to five years.
B.b. five to 10 years.
C.c. 10 to 15 years.
D.d. 15 to 20 years.
Answer Key: C
Question 7 of 50
2.0/ 2.0 Points
All of the following are factors that affect the cycles of real estate EXCEPT
A.a. the supply of money for financing.
B.b. population growth.
C.c. business activities.
D.d. the gross national debt.
Answer Key: D
Question 8 of 50
0.0/ 2.0 Points
George T. is a 45-year old bachelor, has lived in his present home for three years, and is planning to sell it. TRA '97
provides that he will be exempt from capital gains tax on profit up to
A.a. $500,000.
B.b. $250,000.
C.c. He is not exempt from capital gains because he has not lived there for five years.
D.d. He is not exempt from capital gains because he must be at least 55 years old.
Answer Key: B
Question 9 of 50
0.0/ 2.0 Points
The most significant benefit of TRA '97 for real estate investors was the reduction in the
BUS 220
Quiz 1
Question 2 of 50
2.0/ 2.0 Points
Which of the following is NOT a primary market financial institution?
A.a. Commercial bank
B.b. Savings association
C.c. Credit union
D.d. Ginnie Mae
Answer Key: D
Question 3 of 50
0.0/ 2.0 Points
Double-digit interest rates in the 1980s led to all of the following types of creative financing EXCEPT
A.a. participation financing.
B.b. term loans.
C.c. variable interest rate loans.
D.d. graduated payment loans.
Answer Key: D
Question 4 of 50
0.0/ 2.0 Points
The focus of the lenders shifted in the 1990s to
A.a. jumbo loans.
B.b. adjustable-rate mortgages.
C.c. refinancing existing mortgage loans.
D.d. variable payment loans.
Answer Key: C
Question 5 of 50
2.0/ 2.0 Points
Which of the following would have the LEAST affect on real estate values?
A.a. Change in zoning permitting higher density
, B.b. New legislation requiring environmental impact studies
C.c. Decline in the New York Stock Exchange
D.d. Stricter building codes in that area
Answer Key: C
Question 6 of 50
2.0/ 2.0 Points
Long-term cycles in real estate generally run from
A.a. three to five years.
B.b. five to 10 years.
C.c. 10 to 15 years.
D.d. 15 to 20 years.
Answer Key: C
Question 7 of 50
2.0/ 2.0 Points
All of the following are factors that affect the cycles of real estate EXCEPT
A.a. the supply of money for financing.
B.b. population growth.
C.c. business activities.
D.d. the gross national debt.
Answer Key: D
Question 8 of 50
0.0/ 2.0 Points
George T. is a 45-year old bachelor, has lived in his present home for three years, and is planning to sell it. TRA '97
provides that he will be exempt from capital gains tax on profit up to
A.a. $500,000.
B.b. $250,000.
C.c. He is not exempt from capital gains because he has not lived there for five years.
D.d. He is not exempt from capital gains because he must be at least 55 years old.
Answer Key: B
Question 9 of 50
0.0/ 2.0 Points
The most significant benefit of TRA '97 for real estate investors was the reduction in the
