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All chapters Flashcards

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1
Q 
What is the science that describes the management, creation and study of money, banking, credit,
investments assets, and liabilities?
A. Economics
B. Finance
C. Credit
D. Banking
A

B. Finance

Economics is defined as a social science that studies how individuals, governments, firms, and
nations make choices on allocating scarce resources to satisfy their unlimited want

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2
Q 
Most real estate cycles in Texas are determined by:
A. Politics and demand
B. Economics and politics
C. Economics and supply
D. Supply and demand
A

D. Supply and demand

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3
Q 
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ measure(s) the wealth and resources of a particular area or region as well as
production and consumption.
A. Supply and demand
B. Interest rates
C. Economy
D. Finance
A

C. Economy

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4
Q

Which of the following describes real estate?
A. All of the legal rights to the property
B. Land plus all improvement
C. The surface, subsurface, and the air above
D. None of the above

A

B. Land plus all improvement

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5
Q 
Things that are NOT attached to the land are called:
A. Chattel
B. Economic factors
C. Subsurface rights
D. Appraised items
A

A. Chattel

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6
Q 
What is the highest form of ownership?
A. Leasehold estate
B. Periodic estate
C. Fee simple absolute
D. Estate for years
A

C. Fee simple absolute

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7
Q

Tenants in common own an undivided interest in the property.
A. True
B. False

A

A. True

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8
Q 
Who acquires the property if the property is owned by joint tenancy and one of the owners dies?
A. The heirs of the deceased owner
B. The other partner
C. The corporation
D. None of the above
A

B. The other partner

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9
Q 
How many different types of leasehold ownerships are there?
A. 2
B. 4
C. 8
D. There is no specific number.
A

B. 4

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10
Q 
What is a current medium of exchange collectively in the form of coins and banknotes?
A. Trusts
B. Securities
C. Money
D. Bonds
A

C. Money

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11
Q 
In the United States, money is controlled by \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.
A. Congress
B. Wall Street
C. Banks
D. The Federal Reserve
A

D. The Federal Reserve

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12
Q

______________________ is/are the amount of funds that a depository institution must hold
in reserve against specified deposit liabilities.
A. FDIC
B. Reserve requirements
C. Discount requirements
D. None of the above

A

B. Reserve requirements

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13
Q 
The FHLB system was created in 1932 as a result of:
A. The Dodd-Frank Act
B. The Great Depression
C. WWII
D. The Vietnam War
A

B. The Great Depression

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14
Q

All of the following are functions of the Department of Treasury EXCEPT:
A. Managing federal finances
B. Currency and coinage
C. Determining national debt
D. Enforcing federal finance and tax laws

A

C. Determining national debt

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15
Q

The U.S. Mint is a part of the:
A. Department of Treasury
B. Federal Reserve System
C. The U.S

A

A. Department of Treasury

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16
Q

What is the purpose of the treasury bill?
A. To allow depositors to obtain higher than
average interest rates
B. To distribute securities to member banks
C. To avoid default of the federal government
D. To help finance the national debt

A

D. To help finance the national debt

17
Q

The ______________________ was created in 1933 to maintain public confidence and
en-courage stability in the financial system through the promotion of sound banking
practices.
A. FDIC
B. Federal Reserve
C. Department of Treasury
D. U.S. Mint

A

A. FDIC

18
Q 
The \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ fulfills its role in housing in housing finance by providing member banks with access to reliable, economical funding and technical assistance, and special affordable
housing programs.
A. FHA
B. Federal Home Loan Bank System
C. Secondary market
D. Primary market
A

B. Federal Home Loan Bank System

19
Q
  1. Federal Home Loan Banks are cooperatives.
    A. True
    B. False
A

A. True

Real Estate Finance (1 decks)

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