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1. Which of the following statements about mortgages is true?
A)For a high ratio mortgage the cost of the extra insurance that is required is paid by the bank that has agreed to the mortgage B) The amortization period is the length of time set for a homeowner to repay their mortgage loan in full C) In Canadaone of the benefits of a mortgage is that the interest on the loan is tax-deductible D) The monthly payment does not depend on the rate of interest
2. On which of the following loans will the bank charge the highest rate of interest?
A)Home equity credit line B)Unsecured credit line C)Home mortgage D)Investment loan
3. Andrew financial advisorused credit bureau information to complete a review for his client Linda. The credit bureau is
A)A government organization that keeps track of individuals credit history B)A private organization that keeps track of individuals ' credit history C)A self-regulatory organization that keeps track of individuals credit history D) A financial institution that keeps track of individuals ' credit history
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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