Answer:
True
Explanation:
Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.
This is something known as an acronym, it means that each letter means something. In this case the letters R.O.T.T.E.N means:
<span>Resource: cost and availability
Other goods' price
Taxes, subsidies and government regulation
Technology(productivity)
Expectations of the producer
Number of firms in the industry
</span>Hope this is good for you
Answer:
Amount borrowed = $69,418.30
Explanation:
<em>The amount borrowed by Texas Foods would be the present value of the $139,000 payable at the the ed of year 12 with a discount rate of 5.8% computed monthly</em>
PV = A× (1+ r/m)^(-m×n)
P= Amount borrowed-?
A= Lump sum payment- 139,000
r- interest rate- 5,8%
m- number of times compounding is done- 12
r/m= 5.8%/12=0.483%
PV - 139,000 × (1+0.004833)^(-12×
12)=69,418.30
Amount borrowed = $69,418.30
Answer:
c) A Special Warranty Deed
Explanation:
First, the multiple options for the question
a)A quitclaim deed
b) A sheriff's deed
c) A special warranty deed
d) A partition deed
Warranty deeds are documents used mostly in the sales of real estate properties either commercial or residential. It is most useful when the transfer or sale of property is done between parties that are not familiar with one another. The two types of warranty deeds are General Warranty Deed and the Special Warranty Deed. The coverage guaranteed is the difference between the two types of warranty deeds.
In using a special warranty deed, the seller who is also the grantor of the warrant, only guarantees against issues, damages and defects that occur during the grantor's physical ownership of the property. This type of warrant does not make assurances or guarantees for defects in title on the proprty and defects that occured before ownership of the property. It is also called grant deed or covenant deed.
General Warranty on the other hand covers all issues, damages and defects on the sold property.
Since, the person only wishes to convey all interests without warrants on liens, encumrances and any other title defect, the deed is the Special Warranty Deed
