A ________ Is a Middleman Who,for a Fee,secures Mortgage Loans

question 168

Multiple Choice

A ________ is a middleman who,for a fee,secures mortgage loans for borrowers,but does not actually make those mortgage loans.

• A)mortgage banker
• B)mortgage broker
• C)mortgagee
• D)mortgagor
• E)none of the above

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Definitions:

French Government

The political system of France, characterized by semi-presidential system with a division of powers between the president, the parliament, and the government.

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A situation where a single entity controls the supply and pricing of salt, historically seen as a strategic control over a vital commodity.

Economic Profits

Profits earned by a firm or individual in excess of the opportunity costs of all resources used to generate those profits, representing returns beyond the normal profit level.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and easy entry and exit from the market.