Disposition When Dealing with Real Estate Means Which of the Following

question 16

Multiple Choice

Disposition when dealing with real estate means which of the following?

• A)The way a property fits in with its surroundings
• B)Refinancing the property
• C)Improving property value
• D)Sale of the property

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Definitions:

M1

A category of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.

Travelers Checks

Pre-printed, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, either in their vaults or with the central bank, to ensure liquidity.

Goldsmith's Receipts

Goldsmith's Receipts were historically issued by goldsmiths in the form of promissory notes against the gold deposited with them, leading to the development of banking.