Home equity/second mortgage loans have two important advantages over most other types of loans. They are
A) tax deductibility of payments and longer terms.
B) tax deductibility of interest and lower interest rates.
C) no risk for borrower and less amortization.
D) increase in future financing flexibility and no recourse clause.
E) none of the above.
Answer: B
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A salesperson's listings are the property of:
a. the salesperson b. the salesperson and his heirs c. the broker who employs him as a salesperson d. the MLS
Which of the following was a pervasive finding of Porter's study?
A. Successful industries within a country tend to be grouped into clusters of related industries. B. Trade increases the specialization of production within an industry. C. The pattern of trade we observe in the world economy may be the result of first-mover advantages. D. Purchasing power parity of a country determines its demand conditions. E. Differences in technology may lead to differences in productivity, which in turn, drives international trade patterns.