Finance

Which of the following is NOT true regarding mortgaged-backed securiti

Which of the following is NOT true regarding mortgaged-backed securities (MBS)? A) The MBS process allows the mortgage bank or other financial institution that made the original mortgage loan to get its money back out of the loan and lend it to someone else. B) Securitization provides liquidity to the mortgage market and makes it […]

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Date: September 19th, 2020

The multi-car discount is based on the assumption that A) two cars ow

The multi-car discount is based on the assumption that A) two cars owned by the same person will not be driven as frequently as one car. B) multiple vehicle owners are safer drivers. C) owners of more than one vehicle are more likely to be financially responsible. D) lower liability limits are needed if there […]

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Date: September 19th, 2020

A number of benefits are payable under no-fault plans. Under one provi

A number of benefits are payable under no-fault plans. Under one provision, benefits are paid for tasks normally performed by the insured, including such things as lawn care, housework, and home repairs. These tasks are called A) home health care services. B) hospice services. C) activities of daily living. D) essential services expenses.     […]

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Date: September 19th, 2020

Which of the following statements about the factors affecting automobi

Which of the following statements about the factors affecting automobile insurance rates is true? A) The cost of collision coverage increases as a car gets older. B) Because of high speeds in rural areas, rural drivers tend to pay more for auto insurance than city drivers pay for auto insurance. C) Young unmarried male drivers […]

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Date: September 19th, 2020

Profit maximization does not adequately describe the goal of the firm

Profit maximization does not adequately describe the goal of the firm because: A) profit maximization does not require the consideration of risk. B) profit maximization often has a short-term focus. C) maximization of dividend payout ratio is a better description of the goal of the firm. D) Both A and B     ANSWER D

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Date: September 19th, 2020

Which of the following statements about shopping for auto insurance is

Which of the following statements about shopping for auto insurance is true? A) Adequate physical damage insurance on your auto is the most important consideration. B) Consideration should be given to dropping liability coverage if you drive an older car with a low market value. C) To obtain the lowest premium, an applicant should review […]

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Date: September 19th, 2020