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ABA CTFA Practice Test - Questions Answers, Page 25

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Question 241

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A way to analyze whether debt or lease financing would be preferable is to:

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Question 242

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A conventional revolving credit agreement allows:

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Question 243

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The type of lease that includes a third party, a lender, is called a(n):

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Question 244

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One advantage of a financial lease is that:

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Question 245

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Medium-term notes (MTNs) have maturities that range up to:

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Question 246

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A direct lease, a sale and leaseback, and a leveraged lease are all examples of:

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Question 247

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One of the components of monthly mortgage insurance is homeowner's insurance. Its cost varies with factor/s as:

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Question 248

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Sale of real estate property in which the proceeds are less than the balance owed on loan secured by property sold.

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Question 249

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Real estate commissions generally range _______ for new homes and ________ for previously occupied homes or resales. It may be possible to negotiate a lower decision with your broker or to find or one who charges a flat fee.

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Question 250

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It is the process of arranging with a mortgage lender, in advance of buying a home, to obtain the amount of mortgage financing the lender deems affordable to home buyer.

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