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Kipish [7]
2 years ago
6

RESPA was developed to help buyers understand settlement processes and costs. Select one: a. True b. False

Business
1 answer:
Anna71 [15]2 years ago
4 0

This is true that RESPA was developed to help buyers understand settlement processes and costs.

<h3>What is RESPA?</h3>

In order to give homebuyers and sellers accurate settlement cost disclosures, the U.S. Congress passed the Real Estate Settlement Procedures Act (RESPA) in 1975. RESPA was also developed in order to limit the usage of company accounts, forbid kickbacks, and remove abusive tactics in the real estate settlement process. The Consumer Financial Protection Bureau is now in charge of enforcing the federal law known as RESPA (CFPB).

Hence, The Real Estate Settlement Procedures Act (RESPA) aims to lower mortgage interest by doing away with referral fees and kickbacks while also improving disclosures of settlement costs to customers.

To know more about RESPA refer to: brainly.com/question/13577082

#SPJ4

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The Crash Davis Driving School has an ROE of 13.3 percent and a payout ratio of 32 percent. What is its sustainable growth rate?
erastovalidia [21]

Answer:

9.94%(Approx).

Explanation:

Retention ratio=1- payout ratio

=1-0.32

=0.68

Sustainable growth rate=(ROE*Retention ratio)/[1-(ROE*Retention ratio)]

=(0.133*0.68)/[1-(0.133*0.68)]

=0.09044/0.90956

=9.94%(Approx).

7 0
3 years ago
What is the net present value of a project that has an initial cash outflow of $34,900 and the following cash inflows? The requi
Eddi Din [679]

Answer:

NPV = $-3,383.25

Explanation:

The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.  

NPV of an investment:  

NPV = PV of Cash inflows - PV of cash outflow  

PV of cash inflow =

$12,500, × 1.1535^(-1)  +  19,700, × 1.1535^(-2) + 0× 1.1535^(-3)  +  10,400.× 1.1535^(-2) = 31,516.7476

Initial,cost = 34,900

NPV = 31,516.7476  - 34,900 = -3,383.25

NPV = $-3,383.25

5 0
3 years ago
Most goods in the economy are _____.(A) a natural monopolies. (B) public goods.(C) common resources. (D) private goods.
Angelina_Jolie [31]

Answer:

(D) private goods.

Explanation:

Goods is a material that, in economic theory, satisfies people's wishes and provides usefulness. Goods and services are different. In economic theory all goods are considered material, but in reality such goods as information (or information) are non-material goods. For example, although Apple is a tangible asset among other commodities, news is related to non-material class goods and can only be perceived through tools such as Computer and Printing. Material goods such as apples differ from non-material goods as information in terms of the impossibility of a person to keep the other physically, while the former occupies a certain physical area. Intangible goods differ from services in the sense that they are transferable or sold. Price elasticity also differentiates the types of goods. Elastic goods are commodities where there are major changes in quantities due to small changes in the price and, therefore, relate to the family of substitute goods; For example, consumers will prefer to buy pencils, such as pencil shields. Intangible goods are few and no substitutes, such as racing tickets, artist's original work, and medical supplies such as insulin. Complementary goods are more elastic than substitutes. It depends on which commodity is substituting or complementary to other goods.

Private goods are both excludable and rival in consumption. Most goods in the economy are private goods. A private commodity or goods is a product to be purchased for consumption and prevents the consumption of another by one person. In other words, when there is competition between people for the sake of good, good is something special or private, and consuming good prevents one from consuming it.

5 0
4 years ago
When the price of a normal good increases,
Lostsunrise [7]

Answer:

d. both the income and substitution effects encourage the consumer to purchase less of the good.

Explanation:

The income effect is the effect on the income when there are price changes. When the price increases, people can buy less products with the same income which means that the consumer will be encouraged to purchase less goods.

The substitution effect says that an increase in the price of a product will make customers to buy other similar products which will make them to purchase less of the good with the higher price.

4 0
3 years ago
Research shows that ________ is the single most important factor for a new product to defeat competitive ones—having superior ch
hammer [34]
Market attractiveness
3 0
4 years ago
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