Chapter 11

Question 0

Land and buildings that produce rental income

Answer 0

Commercial property

Question 1

Holds legal title to the property he or she has purchased

Answer 1

Direct investment

Question 2

An investment in which a trustee is appointed to hold legal title to property on behalf of an investor or group of investors

Answer 2

Indirect investment

Question 3

A temporary association of individuals or business firms organized to perform a task that requires a large amount of funds

Answer 3

Syndicate

Question 4

An investment in a group of mortgages that have been purchased by a government agency

Answer 4

Participation certification (PC)

Question 5

The use of borrowed funds for direct investment purposes

Answer 5

Financial leverage

Question 6

Valuable ores such as gold, platinum, and silver

Answer 6

Precious metals

Question 7

Rough mineral deposits (usually crystals) that are dug from the earth by miners and cut into brilliant jewels

Answer 7

Precious gems

Question 8

Rare coins, works of art, antiques, stamps, rare books, comic books, sport memorabilia, rugs, ceramic, paintings, and other items that appeal to collectors and investors

Answer 8

Collectibles