Federal Truth-in-Lending Act (FTL) and RESPA are acts to protect consumers.

a. true
b. false

Ans: a. true

Business

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A retailer uses a stock-counting-based physical inventory system. Its beginning inventory on January 1 is 370 units and total purchases in January are 155 units. Sales for January are 265 units

A physical count of goods as of February 1 reveals 243 units. Stock shortages for the period equal _____. a. 10 b. 17 c. 29 d. 98

Business

What is the name of the total number of contracts outstanding for a particular derivative contract?

A) a long position B) open interest C) settle amount D) open settlement

Business