20. A foreclosure that does not have to be taken to court is called:a. nonjudicial.                                               b. nonrecurring.                                            c. nonamortized.d. all of the above.

18. In a seller’s market:a. supply exceeds demand.       b. demand exceeds supply.            c. home prices decline.             d. none of the above.

10. In California, the minimum score required in order to pass the Salesperson Exam is:a. 65%.b. 70%.c. 75%.d. 80%.

54. A lease/option is used to:a. keep a sale alive.                                           b. reduce the selling price over time.                c. provide income to the seller while awaiting the close of a sale.d. all of the above.      

Explain the pattern of addiction as it is explained in Chapter 12: 

Loosely, obsessive-compulsive disorder is to obsessive-compulsive personality disorder as ______ is to ______.

The original formula of Coca-Cola contained ______.

Cluster C contains one of the most common of any of the personality disorders. This disorder is ______ personality disorder.

Archeological evidence suggests that in prehistoric societies, individuals with schizophrenia-like symptoms may have been ______.

Suppose there are two ratings categories: A and B, along with default. The ratings-migration probabilities look like this for a B-rated loan:   Rating in 1 year Probability A 0.07 B 0.92 Default 0.01     The yield on A rated loans is 4%; the yield on B rated loans is 5%. All term structures are flat (i.e. forward rates equal spot rates). A loan in default pays off 40% of its face value (e.g. $40) You have one loan in your portfolio, B-rated, 3-year, 5% coupon (paid annually), with $100 face value.   Compute the price of the loan next year (just before the first coupon is paid) if the borrower is upgraded to an A rating .