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What is fiat money? (a) Currency that is not backed by any precious metals. (b) Currency backed by silver and gold. (c) Currency backed by gold only. (d) Currency backed by platinum. - ANSWER-a Congress created the Federal Housing Administration in . a. 1949 b. 1939 c. 1984 d. 1934 - ANSWER-d In order to qualify for exemption from capital gains, the property must have been the prima- ry residence for two of the previous _____ years. a. 6 b. 3 c. 5 d. 4 - ANSWER-c A loan with no discount points is known as a(n) ________. a. Birdie loan b. Par loan c. Interim loan d. Air loan - ANSWER-b

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