1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonbull [250]
2 years ago
6

When you take out a mortgage your home becomes the collateral. True or Fals

Business
1 answer:
gogolik [260]2 years ago
7 0

Answer:

The statement is true.

Explanation:

Mortgage is the long term loan which is issued by the financial institution like banks. These are those loans which are obtained or acquired for a large amount of finance required.

For example, an entrepreneur need a 50 million for the business expansion. Therefore, in this case, usually a house is worth the amount so it is offered as collateral security.

And if entrepreneur fails to make the payment to the lender that is bank, in that case, the bank has an option of claiming the ownership of the property. This result in seizing the mortgage collateral.

You might be interested in
Selling a product abroad for less than the cost of production is referred to as
sweet-ann [11.9K]
The answer would be A because they are basically dumping  the product on the other country
3 0
3 years ago
To construct the consumer price index, the bureau of labor statistics must:
Afina-wow [57]
Find out what people buy and then proceed to survey how the prices of those items change 
7 0
3 years ago
A ________ exists when paid staff conduct most of the daily business of a group.
olchik [2.2K]
The appropriate response is staff organization. It is a kind of participation gathering in which an expert staff directs the vast majority of the gathering's exercises. In this sort of association, the practical authorities are added to the line, accordingly giving the line the upsides of masters. The staff is fundamentally counseling in nature and normally does not have any summon expert over line administrators.
8 0
3 years ago
Using the one-period valuation model, assuming a year-end dividend of $0.11, an expected stock sales price of $60, and a require
sineoko [7]

Solution:

The most common tool used to measure the valuation of the stock is the ratio of price to earnings. It's easy to access, and the data is readily accessible. The P / E ratio is determined by measuring the price of the stock by the sum of its 12-month trailing profits.

Given,

Dividend of $0.11

Expected stock sales price of $60

RRR 10%

The current price of the stock would be : 60 * 0.10 * 0.11 = 66

7 0
2 years ago
Which of the following does not belong in the M2 category? near money money market mutual funds deposits in savings currency hel
Finger [1]
Currency held in bank vaults.

Hope this helps :)
4 0
3 years ago
Read 2 more answers
Other questions:
  • .Which economic condition of the 1920s was amajor cause of the Great Depression?(1) Farm prices rose dramatically.(2) Industry o
    6·2 answers
  • Why is it important to take stock of these resources when planning financial goals?
    15·1 answer
  • During the​ year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the​ year, before adjusting​ entries, th
    14·1 answer
  • Collier/Evans defines servicescape as "all the physical evidence a customer might use to form an impression."
    11·1 answer
  • Purchased 18-month insurance policy for cash.Prepaid Insurance 2. Paid weekly payroll. 3. Purchased supplies on account. 4. Rece
    9·1 answer
  • Advantage of pencil​
    12·2 answers
  • 14. Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada’s nominal tar
    15·1 answer
  • Through what process can special interest groups and businesses influence the government?​
    8·1 answer
  • What's the main reason a person becomes a supervisor
    5·2 answers
  • The government regulates financial markets for two main reasons: A. to ensure that financial intermediaries do not earn more tha
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!