CA Real Estate Finance Course » 2021 » Sec 5 Unit 2 Exam

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Question #1
Which type of bond is used to pay for community improvements?
A.   Municipal bond
B.   Corporate bond
C.   Industrial bond
D.   Revenue bond
Question #2
Mark and Nancy purchased a municipal bond to help with the funding of a new school gymnasium. In exchange for their investment, what will they receive?
A.   Five times their investment in return
B.   Interest
C.   Special benefits
D.   A certificate of appreciation
Question #3
Kaycie is a new employee at a mutual savings bank. During orientation, she learned that mutual savings banks have limitations that are set by their ______.
A.   Charter
B.   Board of directors
C.   Branch managers
D.   Articles of incorporation
Question #4
Which of the following describes mutual savings bank loans?
A.   Banks focus lending offerings on local businesses and residents.
B.   They're regulated by federal the government.
C.   They're purchased by secondary mortgage markets.
D.   They're funded by private investors.
Question #5
The three general groups of international buyers that real estate professionals may encounter are those who ______, those who are looking for a vacation home for when they travel to the U.S., and those who are looking for a luxury property as an investment.
A.   Want to purchase vacant land in the U.S. and resell it to U.S. developers
B.   Want to purchase large commercial complexes to house their international operations
C.   Have work visas and are looking for a home to purchase while they're in the U.S.
D.   Have extra money to spend and want to invest in the cheapest U.S. properties available
Question #6
Mutual savings banks have limitations on their lending activities, as specified in their ______.
A.   Bank rules
B.   Charter
C.   State laws
D.   Manager's guide
Question #7
An industrial development bond is a variety of ______ bond.
A.   Revenue
B.   Municipal
C.   Corporate
D.   Secured
Question #8
In which U.S. market(s) do foreign lenders participate?
A.   In the primary mortgage market only
B.   Both the primary and secondary mortgage markets
C.   In the secondary mortgage market only
D.   In the stock market only

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