Inflation rates during the period 2000 - 2007 were generally under 5%
Indicate whether the statement is true or false.
TRUE
Business
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When determining if an item is a fixture the court would most likely give the MOST consideration to:
A. The cost of the item. B. The use of the item. C. The size and replacement cost of the item. D. The age of the item.
Business
There are some mortgage loans that are balloon loans. This means that when the loan matures, there is a mortgage balance that will require financing. It is the responsibility of the borrower to obtain the refinancing
What is the added risk associated with a pool of loans backed by balloon loans?
Business