A client is
A) a robot-type program that runs on a computer and exchanges information with users.
B) another name for a proxy server.
C) a user program that accesses and exchanges information with servers.
D) a program that holds incoming electronic mail.
Answer: C
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Convertible bonds
a. have priority over other indebtedness. b. are usually secured by a first or second mortgage. c. pay interest only in the event earnings are sufficient to cover the interest. d. may be exchanged for equity securities.
Ajax Reality lists a property for a seller at a commission rate of 8%. The multiple listing service provides that a listing brokerage will split commissions at a 50-50 rate. Baron Realty, a cooperating brokerage, finds a buyer for the property, at a price of $300,000. How much will the seller owe Ajax Reality at closing?
A. $0 B. $12,000 C. $18,000 D. $24,000