更多"[单选题]A loan that calls for periodic"的相关试题:
[单选题]The actual interest rate on a loan that is compounded monthly but expressed as an annual rate is referred to as the ________ rate.
A. stated
B. discounted annual
C. effective annual
D. periodic monthly
E. consolidated monthly
Difficulty: 1 Easy
Topic: Loan interest and rates
Learning Objective: 06-04 Show how interest rates are quoted (and misquoted..
[单选题] A loan-servicing agent will
A. package the loan for an investor.
B. hold the loan in their investment portfolio.
C. collect payments from the borrower.
D. do both A and C of the above.
E. do both B and C of the above.
[单选题] Distinct elements of a mortgage loan include
A. origination.
B. investment.
C. servicing.
D. all of the above.
E. only B and C of the above.
[单选题] Banks, savings and loan associations, mutual savings banks, and credit unions
A. are no longer important players in financial intermediation.
B. have been providing services only to small depositors since deregulation.
C. have been adept at innovating in response to changes in the regulatory environment.
D. all of the above.
E. only A and C of the above.
[单选题]A loan where the borrower receives money today and repays a single lump sum on a future date is called a(n. ________ loan.
A. amortized
B. continuous
C. balloon
D. pure discount
E. interest-only
Difficulty: 1 Easy
Topic: Types of loans
Learning Objective: 06-03 Describe how loans are amortized or paid off.
[简答题] Closing for a mortgage loan refers to the moment the loan is paid off.
[单选题] The percentage of the total loan paid back immediately when a mortgage loan is obtained, which lowers the annual interest rate on the debt, is called
A. discount points.
B. loan terms.
C. collateral.
D. down payment.
[单选题] A loan for borrowers who do not qualify for loans at the usual market rate of interest because of a poor credit rating or because the loan is larger than justified by their income is
A. a subprime mortgage.
B. a securitized mortgage.
C. an insured mortgage.
D. a graduated-payment mortgage.
[简答题] A point on a mortgage loan refers to one monthly payment of principal and interest.
[简答题] During the early years of a mortgage loan, the lender applies most of the payment to the principal on the loan.
[单选题] A borrower with a 30-year loan can create a GEM by
A. simply increasing the monthly payments beyond what is required and designating that the excess be applied entirely to the principal.
B. converting his ARM into a conventional mortgage.
C. converting his conventional mortgage into an ARM.
D. converting his conventional mortgage into a GPM.
[单选题] Typically, increasing interest rates
A. discourages individuals from saving.
B. discourages corporate investments.
C. encourages corporate expansion.
D. encourages corporate borrowing.
E. none of the above.
[单选题]Embroidery calls for great care. There must not be even a single ______stitch.
A.reckless
B.slack
C.sloppy
D.floppy
[简答题] Mortgage interest rates loosely track interest rates on three-month Treasury bills.
[简答题] Interest rates can be accurately described as the rental price of money.
[单选题] Interest rates are important to financial institutions since an interest rate increase ________ the cost of acquiring funds and ________ the income from assets.
A. decreases; decreases
B. increases; increases
C. decreases; increases
D. increases; decreases
[简答题] Monetary policy affects interest rates but has little effect on inflation or business cycles.
[简答题] Equity represents an ownership interest in a firm and entitles the holder to the residual cash flows.
[简答题] Different interest rates have a tendency to move in unison.
