Fixed rate mortgages usually have
A) the same interest rate.
B) an adjustable rate.
C) a balloon payment.
D) different monthly payments depending upon the interest rate.
Answer: A
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In order to be more profitable by increasing sales, Thrifty Bank has an external focus, concentrating on strategic planning, risk taking, and flexibility over stability. This is an example of a hierarchy culture.
a. True b. False
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Which of the following is a recommended technique for preparing a sensible budget?
a. Budget liberally for income, and conservatively for expenses. b. Budget conservatively for income and liberally for expenses. c. Do not allow for wiggle room. d. Go light in terms of basing budgets on historical information.
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