Unearned Revenue is classified as a(n) ________ account

From a lender's perspective, balloon risk can best be described as a type of:

A. extension risk. B. contraction risk. C. Interest rate risk.

A buyer signed a contract to buy a house for $100,000. To obtain a larger loan for the buyer the broker submitted a false contract to the lender for $110,000. Is the broker's action legal?

A. Yes, in the buyer agreed. B. Yes, the loan would be based on the appraisal. C. No, this would be considered fraud. D. No, this is an example of redlining.