Choose the One Most Appropriate Answer for Each

question 14

Multiple Choice

Choose the one most appropriate answer for each.
-the result created when lenders are required to pay high rates of interest for deposits while receiving long-term income from low-interest rate mortgage loans

• A)alienation clause
• B)automated underwriting systems
• C)computerized loan origination
• D)disintermediation
• E)due-on-sale clause
• F)Fannie Mae
• G)Farmer Mac
• H)Fiat money
• I)FIRREA
• J)Freddie Mac
• K)Ginnie Mae
• L)mortgage broker
• M)mortgage company
• N)mortgage-backed securities
• O)municipal bonds
• P)participation certificates
• Q)prepayment penalty
• R)primary market
• S)secondary mortgage market
• T)usury

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Definitions:

Physical Count

An actual count of inventory or assets, conducted at certain intervals, to ensure the accuracy of records and accounts.

Allocating Cost

The process of assigning costs to various cost objects such as products, services, or departments for accounting purposes.

Inventory Accounting

A method of accounting that deals with valuing and accounting for changes in inventoried assets, impacting how businesses report their cost of goods sold and value of inventory in financial statements.

Just-In-Time Systems

Inventory management systems that produce or provide items exactly when needed, minimizing inventory costs.