Which of the following lenders would MOST LIKELY have a major portion of their assets in real estate loans on single family residential housing?
A. Federal Housing Administration (FHA).
B. Mortgage brokers.
C. Savings associations.
D. Insurance companies.
Answer: C. Savings associations.
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Developing a business strategy looks at each of the six areas _______, but also ________, in determining the road which an organization should take.
A. alone, holistically B. individually, together C. individually, holistically D. alone, simultaneously E. individually, simultaneously
Terrorists attacked the World Trade Center on September 11, 2001
The attack simultaneously created large losses for life insurers, property insurers, workers compensation insurers, health insurers, and liability insurers. What name is given to an event that simultaneously creates large losses in several lines of insurance? A) speculative loss B) clash loss C) retroactive loss D) consequential loss