Real Estate finance practice exam questions with complete solutions

The science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is - ANSWER-Finance Most real estate cycles in Texas are determined by: - ANSWER-Supply and demand __________________ measure(s) the wealth and resources of a particular area or region, as well as production and consumption. - ANSWER-Economy A current medium of exchange collectively in the form of coins and banknotes is - ANSWER-Money In the United States, money is controlled by ________________________. - ANSWER-The Federal Reserve ______________________ are the amount of funds that a depository institution must hold in reserve against specified deposit liabilities. - ANSWER-Reserve requirements The evidence of indebtedness is: - ANSWER-Credit Instrument All of the following are functions of the Department of Treasury EXCEPT: - ANSWER-Determining national debt The U.S. Mint is a part of the: - ANSWER-Department of Treasury Major responsibilities of the Mint include all of the following EXCEPT - ANSWER-Education for collectors on rare coins