The APR for an adjustable rate mortgage (ARM) loan is an accurate measure of the actual cost of funds to the borrower.

At 12:00 noon, Baker made an offer to purchase a single-family residence. He instructed his real estate broker not to present his offer until 6:00 PM. By 6:00 PM, three more offers had been submitted. The real estate broker should:

a. ignore the other offers. b. present all offers to the property owner in the order they were submitted. c. present all offers to the property owner simultaneously as soon as possible. d. wait until the seller acts on the first offer before presenting the other offers

Marcy advises her clients on investments, taxes, wealth management, estate issues, budgeting, and insurance. Marcy is also a licensed life insurance agent. When Marcy sells life insurance to a client, the distribution channel used is a(n)

A) stock broker. B) financial planner. C) insurance broker. D) direct writer.