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ABA CTFA Practice Test - Questions Answers, Page 24
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Question 231
Most auto leases include a purchase option. The annual mileage allowance is another consideration of lease term. Mileage allowance typically about:
Question 232
Advantages of leasing are all of the following EXCEPT:
Question 233
Disadvantages of leasing are all of the following EXCEPT:
Question 234
A form of direct ownership f an individual unit in a multi-unit project in which lobbies, swimming pools, and other common areas are jointly owned by all property owners in t project.
Question 235
An apartment in a building in which each tenant owns a share of nonprofit cooperation that owns the building.
Question 236
A rental contract:
Question 237
The maximum percentage of the value of a property that the lender is willing to loan is called:
Question 238
An insurance policy that protects the mortgage lender from loss in the event the borrower defaults on the loan; typically required by lenders when the down payment is less than 20%.
Question 239
_________ acronym is that refers to a mortgage payment including stipulated portions of principal, interest, property, taxes and homeowner's insurance.
Question 240
The principal reason for the existence of leasing is that:
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