Champions real estate finance Exam Questions and Answers
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Course
2024/2025
Institution
2024/2025
Champions real estate finance Exam
Questions and Answers
mortgage Broker - Answer-Functions as a middleman between the borrower and the
lender, negotiating, selling or arranging loans to be delivered to large investors
Mortgage Banker - Answer-Provide their own funds for the purpose of providin...
Housing and Economic Recovery Act of 2008 (HERA) - Answer✔✔-Designed to assist with
recovery and revitalization of America's residential housing market
SAFE Act (Secure & Fair Enforement of Mortgage Licensing Act) - Answer✔✔-Sets a minimum
standard for licensing and registering mortgage loan originators.
M1 - Answer✔✔-Sum of currency held by the public and transaction deposits at depository
institutions
M2 - Answer✔✔-M1 plus savings accounts, certificates of deposit, and other liquid assets
monetary policy - Answer✔✔-Maintenance of a stable money supply that provides for growth
in the economy while keeping inflation in check. Federal reserve is responsible for monetary
policy
fiscal policy - Answer✔✔-Federal government spending.
The Federal Reserve - Answer✔✔-The central banking system of the United States
Monetary inflation - Answer✔✔-Excess of money supply in the market
discount rate - Answer✔✔-Interest rate a Reserve Bank charges eligible financial institutions to
borrow funds on a short term basis.
federal funds rate - Answer✔✔-Is the rate that the federal reserve charges banks for unsecured
loans most of which are for a very short term (sometimes overnight) banks use these to meet
their liquidity requirements when withdrawals threaten to exceed cash on hand
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