A lender makes a real estate loan and charges discount points. Which of the following statements BEST describes the loan discount?
A. It can only be paid by the borrower.
B. It can only be paid by the seller.
C. It reduces the lender's return on the loan.
D. It can be paid by either the borrower or the seller to the lender.
Answer: D. It can be paid by either the borrower or the seller to the lender.
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Which of the following is true regarding the U.S. Constitution?
A. It sets up a unitary state. B. It establishes a system under which the legislative, executive, and judicial functions of the government are integrated with each other. C. The judges have no power to review legislative and executive actions. D. It makes the federal government more powerful than the governments of the individual states.