In real estate finance, the term "impounds" refers to:
A. penalties
B. attachments
C. escrow fees
D. reserves
Answer: D. reserves
Explanation: Impounds, or reserves, are funds collected by the lender for the purpose of paying recurring costs such as taxes and insurance.
Business
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The last line of an income statement shows a business's ________
A) Net profit or net loss B) Gross profit or gross loss C) Profit or loss D) Taxes E) Fixed costs
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Internal growth rate indicates whether a planned investment will increase or decrease firm value
Indicate whether this statement is true or false.
Business