Which of the following would NOT be a component of a fully amortized, adjustable-rate mortgage?
A. Interest rate index.
B. Interest rate caps.
C. Adjustment period.
D. Balloon payment.
Answer: D. Balloon payment.
Business
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Tourism cannot have a detrimental effect on the young people or on the culture of an are
a. true b. false
Business
Once an observation (finding) is identified by the internal auditor, it should be:
a) Documented in the workpapers. b) Included in the final audit report. c) Scheduled for follow-up. d) Reported to the external auditors.
Business