Question
1, Your clients Stephen and Richard have to renew their mortgage this month but have been thinking about moving to a new neighborhood, they just
1, Your clients Stephen and Richard have to renew their mortgage this month but have been thinking about moving to a new neighborhood, they just havent found the perfect home yet. What renewal term would you recommend for them?
| 1 year fixed rate, open mortgage at 6.00% | ||
| 5 year fixed rate, closed mortgage at 3.70% | ||
| 3 year variable rate, closed mortgage at 4.25% | ||
| 7 year fixed rate, closed mortgage at 3.25% |
2,
Identify the risk that is not applicable when considering an investment:
| Inflation risk | ||
| Objective risk | ||
| Business risk | ||
| Market risk | ||
| Liquidity risk |
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Principles Of Banking
Authors: Allyn C Buzzel
11th Edition
089982689X, 9780899826899
