Real Estate Finance Flashcards
1
Q
What is an example of a chattel?
A
Washer/Dryer
2
Q
Allows for unequal shares of ownership
A
Tenants in Common
3
Q
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
Economics
4
Q
The Federal Open Market Committee is the Fed’s…
A
Monetary policy-making body
5
Q
What is NOT necessary for money to function well?
A
It must be in U.S. currency
