Real estate Finance Study guide Exam Questions & Answers 100% Accurate

Which of the following is chattel? A. Detached garage B. Attached satellite dish owned by the seller C. Washer/Dryer D. In ground pool - ANSWER-C. Washer/Dryer Which of the following allows for unequal shares of ownership? A. Tenants in common B. Joint Tenancy C. Tenancy by the entirety D. Freehold estates - ANSWER-A. Tenants in Common What is defined as a social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants? A. Finance B. Social studies C. History D. Economics - ANSWER-D. Economics What is the Federal Open Market Committee? A. It is the Fed's monetary policy-making body. B. It is how the Fed supplies funds to member banks. C. It is one of the 12 Federal Reserve Banks. D. It provides general oversight for the Fed. - ANSWER-A. It is the Fed's monetary policy-making body.