The first item to be paid out of foreclosure funds is the Costs of Sale – advertising, attorney fees, trustee fees, etc. If the amount realized at a Sheriff’s sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to the mortgagor. Before foreclosure who has the …
Financial Markets and Institutions Involve the movement of huge quantities of money, affect the profits of businesses, and affect the types of goods and services produced in an economy. The price of one country’s currency in terms of another’s is called The foreign exchange rate Compared to interest rates in …
Government budget​ deficit: An excess of government spending over government revenues during a given period of time. It may be argued that the effects of a higher public debt are the same as the effects of a higher deficit because a higher deficit creates a higher public debt. Public​ debt: …
A Subchapter S corporation C. has all the organizational benefits of a corporation and its income is only taxed once. Money markets would include which of the following securities? B. Treasury bills and commercial paper. 5. A corporate restructuring can result in Changes in capital structure, selling of low profit …
Diversification The practice of dividing the money a person invests between several different types of investments in order to lower risk Investing The process of setting money aside to increase wealth over time for long-term financial goals such as retirement Investment Account or arrangement in which a person puts his/her …
How did speculative investing weaken the stability of the stock market? The flurry of investing artificially raised the price of stocks. How did the Reconstruction Finance Corporation (RFC) help jump-start the economy? The RFC gave loans to a variety of businesses. Why were industrial and agricultural surpluses a problem for …
Which of the following will not help you establish a good credit history? Making as many purchases as possible with cash Which of the following is the least common manner in which an identity theft victim discovers the crime? Routine examination of a credit report Which of the following is …
estate tax a tax imposed on the value of a person’s property at the time of his or her death excise tax a tax imposed on specific goods and services such as gasoline cigarettes alcohol tires and air travel inheritance tax a tax levied on the value of property bequeathed …
. _______________________costs are those costs that do not vary with the company’s level of production. Fixed Costs that change as the company’s production levels change are called __________________ costs. Variable A sales _____________________ chart shows graphically how fixed costs, variable costs, and sales revenue interact. Sales breakeven A measure of …
Grace period The free period, also called ____, allows you to avoid a finance charge if you pay in full before the due date. creditor One who lends money or the use of goods and services for the payment at a later date is called…. Credit Paying at a future …