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Chapter 11 Quiz

Posted on March 2, 2023 by
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  1. Question 1 of 15
    1. Question

    Government borrowing from private investors takes place when the Treasury:

  2. Question 2 of 15
    2. Question

    The secondary market:

  3. Question 3 of 15
    3. Question

    A commercial bank loans money to a buyer without following Fannie Mae’s underwriting standards. The bank:

  4. Question 4 of 15
    4. Question

    An alienation clause:

  5. Question 5 of 15
    5. Question

    In a judicial foreclosure, the foreclosed property will be sold at a:

  6. Question 6 of 15
    6. Question

    An increase in reserve requirements by the Federal Reserve results in:

  7. Question 7 of 15
    7. Question

    A deed of trust with an unpaid balance of $100,000 is sold to an investor for $80,000. This practice is known as:

  8. Question 8 of 15
    8. Question

    Under a deed of trust, the lender is called the:

  9. Question 9 of 15
    9. Question

    What clause states that the lender may demand that a defaulting borrower pay the entire loan balance?

  10. Question 10 of 15
    10. Question

    Which of the following terms concerns the issue of lien priority?

  11. Question 11 of 15
    11. Question

    An elderly man who owns his house free and clear obtains a mortgage where the lender will make a monthly payment to him. When he dies, his heirs will need to sell the house to repay the mortgage. This is a/an:

  12. Question 12 of 15
    12. Question

    A long-term loan issued by a lender on completion of construction is a:

  13. Question 13 of 15
    13. Question

    Primary market lenders include:

  14. Question 14 of 15
    14. Question

    Andrea borrows money from Trust Bank to buy a house. She signs a promissory note in which she agrees to repay the loan. Andrea is the:

  15. Question 15 of 15
    15. Question

    One difference between a mortgage and a deed of trust is that:

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