A type of fund that invests in real estate and/or mortgages is known as a

A) REIT.
B) ETF.
C) sector fund.
D) hedge fund.

Answer: A

Business

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Ivor borrowed $420,000 from Lear Bank. At Lear's request, Ivor entered into an agreement with Ash, Kane, and Queen for them to act as co-sureties on the loan. The agreement between Ivor and the co-sureties provided that the maximum liability of each co-surety was: Ash, $84,000; Kane, $126,000; and Queen, $210,000. After making several payments, Ivor defaulted on the loan. The balance was $280,000. If Queen pays $210,000 and Ivor subsequently pays $70,000, what amounts may Queen recover from Ash and Kane?

A. $0 from Ash and $0 from Kane. B. $42,000 from Ash and $63,000 from Kane. C. $70,000 from Ash and $70,000 from Kane. D. $56,000 from Ash and $84,000 from Kane.

Business

Which of the following offers a company the best assurance of being paid for exported goods?

A) a letter of credit B) a "piggyback" arrangement C) a swap D) an in-house export organization E) a certified check

Business