The ________ reflects the rate or amount of U.S. dollars required to purchase one unit of a foreign currency
A) direct rate
B) European rate
C) indirect rate
D) equivalent rate
Answer: A
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In Texas, if an owner defaults on her mortgage loan and the property is sold at a foreclosure sale, the owner may redeem the property
A) prior to the sale, under the statutory right of redemption. B) prior to the sale, under the equitable right of redemption. C) after the sale, under the statutory right of redemption. D) after the sale, under the statutory right of reinstatement.
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To have an insurable loss, all of the following criteria apply EXCEPT
A) the potential loss must be reasonably predictable. B) the loss should be beyond the control of the insured. C) the loss must be accidental. D) the loss should be catastrophic for the insurance company.
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