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10 Cards in this Set
- Front
- Back
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In early societies, which of the following indicated wealth? |
Land |
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In Germany, after the fall of the Roman Empire, what was a "live" gage? |
An item of personal property used as collateral for a loan. |
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What was the right of the borrower to regain ownership after default called, starting in Elizabeth England? |
Equitable right of redemtion |
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What caused the development of the farm mortgage business in the United States in the nineteenth century? |
The need to invest disposable income after the Revolutionary War. |
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During the 19th Century, mortgage lenders in the Midwest financed farms with a loan-to-value ratio of: |
40-50% |
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What is the nonamortizing loan? |
A loan where none of the principal is included in the payments. |
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What section of the business world is usually the first to notice a change, either up or down in the health of the economy? |
Real Estate Market |
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What is disintermediation? |
Withdrawing from savings accounts. |
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The 1989 legislation that gave authority to the bailout of the savings and loan industry by the federal government was: |
Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). |
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What was the best period of wage growth at all levels of employment in the last 30 years? |
1990's |
