_ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. – Answer- Closing The primary determinants of real estate values are supply and . – AnswerDemand
is something of value that can be pledged as security for repayment of a loan. –
Answer- Collateral
Servicing includes which of the following activities? – Answer- Maintaining records of
payment
The monetary policies of the ___affects interest rates and the availability of funds. – Answer- Federal Reserve An excess supply of money in the market results in monetary . – Answer- Inflation
Which agency insures deposits in banks and thrift institutions for up to $250,000? –
Answer- The Federal Deposit Insurance Corporation
The _ is the interest rate a reserve bank charges eligible financial institutions to borrow funds on a short-term basis. – Answer- Discount rate Raising taxes and increasing borrowing are two ways at the treasury level to: – AnswerRaise funds to pay for government spending The Fed uses three primary monetary policy tools to influence the cost and availability of credit: open market operations, the discount rate, and . – Answer- Reserve
requirements
When the costs of production and services increase, causing manufacturing prices to
rise, it is called . – Answer- Cost-push inflation
Which of the following transactions is exempt from RESPA? – Answer- Temporary loans
Under the __, the use of certain terms in an advertisement triggers the need for full
disclosure of lending terms. – Answer- Truth in Lending Act