Many lenders use the 28/36 rule in evaluating mortgage applications. If your mortgage payment itself is 28% of your gross income, that means that the remainder of your monthly debt must be ________% or less
A) 6
B) 7
C) 8
D) 28
E) 36
Answer: C
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Mary works at a pharmaceutical company as a customer service representative. Her employer allows her to choose the set of benefits she will receive on top of preestablished sets of benefits, such as medical insurance and term life insurance
The company gave her credits equal to 6% of her salary with which she decided to purchase dental and vision insurance. This pharmaceutical company uses what kind of benefits plan? A) cafeteria B) flexible benefits C) employee-financed D) core plus option
What does the "carry trade" term mean?
A) Borrow in the domestic currency to earn only the higher yield of the dollar implied by the regression. B) Borrow in the foreign currency to earn only the expected capital appreciation of the dollar implied by the regression. C) Borrow in the domestic currency to earn both the higher yield and the expected capital appreciation of the dollar implied by the regression. D) Borrow in the foreign currency to earn both the higher yield and the expected capital appreciation of the dollar implied by the regression.