Which of the Following Statements Is TRUE

question 41

Multiple Choice

Which of the following statements is TRUE?

• A)A registry system is sometimes called a Torrens system.
• B)Every province in Canada uses both a land titles system and a registry system.
• C)The rules that govern a land titles system were developed by judges,rather than legislators.
• D)The three principles of a land titles system are the mirror principle,the curtain principle,and the indefeasibility principle.
• E)An unregistered short-term lease may be enforceable under either a registry system or a land titles system.

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Definitions:

Euro

The Euro is the official currency of 19 out of the 27 European Union countries, known collectively as the Eurozone, and acts as one of the world’s major currencies.

Interest Rate Parity

Interest rate parity is an economic theory that suggests the difference between the interest rates of two countries is equal to the differential between the forward exchange rate and the spot exchange rate of their currencies.

Forward Rate

The predetermined rate at which two parties will exchange currencies on a future date, agreeing upon it in the present.

Spot Rate

The present cost at which a specific asset like a commodity, currency, or security is available for purchase or sale with immediate delivery.