All of the following are characteristics of FHA-insured loans, except:

A. mortgage insurance premiums
B. Owner occupancy requirement
C. No down payment
D. More lenient underwriting standards

Answer: C. No down payment

Business

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TRUE or FALSE: For distressed firms with both bank and public debt outstanding, banks never make concessions unless public debtholders also restructure their claims

a. TRUE b. FALSE

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Slow economic growth and continued unemployment problems are common reasons for central banks to hold currency values down

Indicate whether the statement is true or false.

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