A blocked currency is one whose removal from the country is restricted by the buyer's government

RESPA requires that a borrower receive information regarding closing costs, to include fees, costs, expenses, and points to be incurred. Which of the following best describes how points are applied in the financial services industry:

a. it is a percentage of the selling price. b. it is loan origination fees. c. it is loan origination fees and discounts to adjust investor yields. d. points represent exclusively broker profits.

Club membership programs that are open to everyone who purchases a product or service ________

A) are more powerful long-term loyalty builders than limited-membership clubs B) will not help a company attract customers from competitors C) prevent those with only a fleeting interest in a company's products from joining D) are useful for building a database of customers but are not very good as long-term loyalty builders E) are useless unless there are fees and membership conditions