When quoting rates on loans, the "Truth in Lending Law" requires the bank to state the rate as an APR, effectively understating the true cost of the loan when interest is computed more often than once a year
Indicate whether the statement is true or false.
Answer: TRUE
Business
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Desmond owns a 30 acre tract of land along a major river that he plans to build a river front community on. However, just before he applies for his building permit, Desmond learns that the zoning has changed to prohibit residential development. Desmond will likely
a. receive compensation is he sues on the theory of inverse condemnation b. receive no compensation because the regulation is not pervasive c. receive just compensation following condemnation d receive compensation only of the zoning change is for public purpose
Business
How did LTCM secure long-term funding?
What will be an ideal response?
Business