The term used by lenders, "mortgage yield" best describes:
A: An increase in the value of a property which has a mortgage;
B: The effective interest return obtained from a first trust deed by an investor;
C: All of the money received by a lender after deducting closing costs and loan fees;
D: What the lender receives when a mortgage is paid off.
Answer: B: The effective interest return obtained from a first trust deed by an investor;
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The ________ and the Department of Justice must review mergers between large competitors to determine whether the combined firm would be a monopolistic corporation
A) Federal Trade Commission B) Internal Revenue Service C) Federal Reserve Bank D) Federal Appeals Court E) Securities and Exchange Commission