Choose the One Most Appropriate Answer for Each

question 35

Multiple Choice

Choose the one most appropriate answer for each.
-refusal to make a real estate loan based solely on the location of the property

• A)APR
• B)cash value
• C)credit report
• D)credit scoring
• E)equity
• F)exempt transactions
• G)Fair Credit Reporting Act
• H)Federal Consumer Credit Protection Act
• I)finance charge
• J)illiquid assets
• K)liquid assets
• L)loan-to-value ratio
• M)redlining
• N)Regulation Z
• O)right to rescission
• P)settlement funds
• Q)subprime loans
• R)Truth-in-Lending Act
• S)TILSRA
• T)trigger term

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Definitions:

Standard Error

A statistical measure that describes the distribution of sample means around the population mean, indicating the accuracy of a sample mean as an estimate of the population mean.

Confidence Interval

A range of values, derived from sample statistics, that likely contains the true value of an unknown population parameter.

Standard Error

The standard deviation of the sample distribution of a statistic, often used in the context of mean.

Mean

The central or typical value in a distribution, calculated as the sum of all observations divided by the number of observations.