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Independent Entities Have ____ in an E-R Diagram​

question 22

Multiple Choice

Independent entities have ____ in an E-R diagram​

Understand mortgage financing options, including the calculations and considerations involved in mortgage payments and refinancing.
Gain knowledge of the legal and procedural steps involved in buying and selling real estate, including the roles of earnest money, closing costs, and title insurance.
Understand the implications of different mortgage types and terms, including adjustable-rate mortgages, FHA and VA loans, and home equity loans.
Know the benefits and responsibilities of home ownership, including maintenance, insurance, and property tax considerations.

Definitions:

Outputs

Goods and services of value to households.

Explicit Costs

Payments made directly to external parties as part of business operations, including salaries, rental fees, and the cost of goods.

Implicit Costs

are indirect expenses that do not involve a direct payment of money but represent a loss of opportunity to use resources elsewhere.

Normal Rate

A term that can refer to the typical or standard interest rate charged by lenders or expected returns on investments under normal conditions.

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