The primary function of the secondary mortgage market is
A) to grant new loans
B) supply funds to the primary market
C) purchase contract for deed
D) insure mortgages
Answer: B) supply funds to the primary market
Business
You might also like to view...
On January 2, 2017, Mahoney Sales issues $10,000 in bonds for $9,400
The bonds are five-year bonds with a stated rate of 4% and pay semiannual interest on June 30 and December 31. Mahoney Sales uses the straight-line method to amortize bond discount. Prepare the journal entry for the first interest payment on June 30, 2017. What will be an ideal response
Business
The standard deviation of the sampling distribution of the mean or proportion is called ________
A) unsymmetrical error B) standard error C) variance D) random error E) median
Business