Use the Fact Situation in Q1 to Answer the Related

question 49

Multiple Choice

Use the fact situation in Q1 to answer the related question that follows. The term or phrase used to describe the position or rank of the Royal Bank and TD Canada Trust mortgages on title based on the time of registration is

• A)equity of redemption.
• B)equity.
• C)priority.
• D)calculation period.
• E)amortization period.

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Definitions:

Prison Population

The total number of individuals incarcerated in a country's penal institutions.

Rate of Unemployment

The measure of individuals in the labor force who are unemployed and on the quest for employment.

Deflation

A decrease in the general price levels of goods and services, often signifying an increase in the value of money.

Disinflation

A reduction in the rate of inflation, indicating a slowdown in the rate at which the general level of prices for goods and services is rising.