Questions from Personal Finance


Q: Describe the purchase transaction process, including shopping, negotiating price,

Describe the purchase transaction process, including shopping, negotiating price, and closing the deal on a car.

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Q: Describe the various sources of mortgage loans. What role might a

Describe the various sources of mortgage loans. What role might a mortgage broker play in obtaining mortgage financing?

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Q: Briefly describe the two basic types of mortgage loans. Which has

Briefly describe the two basic types of mortgage loans. Which has the lowest initial rate of interest? What is negative amortization, and which type of mortgage can experience it? Discuss the advantag...

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Q: Differentiate among conventional, insured, and guaranteed mortgage loans.

Differentiate among conventional, insured, and guaranteed mortgage loans.

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Q: Caleb and Eva Campbell are college students who opened their first joint

Caleb and Eva Campbell are college students who opened their first joint checking account at the American Bank on September 14, 2015. They’ve just received their first bank statement...

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Q: What are the advantages and disadvantages of leasing a car?

What are the advantages and disadvantages of leasing a car?

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Q: In addition to single-family homes, what other forms of

In addition to single-family homes, what other forms of housing are available in the United States? Briefly describe each of them.

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Q: What type of housing would you choose for yourself now, and

What type of housing would you choose for yourself now, and why? Why might you choose to rent instead of buy?

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Q: Why is it important to have a written lease? What should

Why is it important to have a written lease? What should a rental contract include?

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Q: Briefly describe the various benefits of owning a home. Which one

Briefly describe the various benefits of owning a home. Which one is most important to you? Which is least important?

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