Which statement is true with regard to the human life value approach?
I. It crudely measures the economic value of a human life.
II. It considers the specific needs of the family in determining the amount of life insurance to purchase.
(a) I only
(b) II only
(c) both I and II
(d) neither I nor II
Ans: (a) I only
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The agency established to stabilize the economy by regulating the flow of money and interest rates in the market place is the:
A. Department of Housing and Urban Development (HUD). B. Federal National Mortgage Association (FANNIE MAE). C. Government National Mortgage Association (GINNIE MAE.) D. Federal Reserve System (FED),
A seller of residential real property that is subject to membership in a property owners' association is required to give a prospective purchaser a written notice. All of the following are true regarding the written notice EXCEPT
A) the notice must state that the purchaser would be obligated to be a member of the association. B) the notice must be delivered to the purchaser before the effective date of the contract. C) the notice must state failure to pay association assessments could result in a lien on and the foreclosure of the property. D) the promulgated Addendum For Property Subject To Mandatory Membership In A Property Owners Association.