Finance And Accounting

Question: Why can a borrower not deduct loan repayments from their income when calculating taxes?
A
Because there is no precedent allowing it

B
Because the lender will be deducting them on their side

C
Because they were not taxed on the proceeds of the loan, they can not deduct repayments either

D
Because it is unfair to the borrowers

Note: Answer not sure
1. Report
Question: What does the term "Assignment" denote?
A
The transfer of ownership of mortgage from one company or individual to another

B
The process of researching a property's title

C
Filing for bankruptcy

D
A provision in a mortgage home loan that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the loan

Note: Answer not sure
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Question: What would happen to the balance sheet of a company that has automobiles with loans associated with them, and sells the automobiles for more than the carrying value of the loan?
A
There will be no impact

B
The company would be out of compliance with loan covenants

C
There will be gain on the sale of automobiles, and a reduction in debt

D
There will be loss on the sale of automobiles, and an increase in debt

Note: Answer not sure
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Question: What does the term "General Recourse" mean?
A
Rights to demand payment from the general assets of the debtor, without seniority in access to any specific assets

B
The process taken to apply for a mortgage

C
The payment of escrow to the seller

D
The closing process

Note: Answer not sure
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Question: What is the most classic type of options trading?
A
Using sophisticated techniques such as Iron Condor

B
Short selling stocks

C
Buying call options and selling after an increase in value

D
Selling naked call options

Note: Answer not sure
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Question: Which of the following is the optimal situation?
A
Selling uncovered calls and having the stock price rise

B
Limiting downsize risk while having the most upside potential possible

C
Short selling stocks and having the price of the stock rise

D
Trading options with late expiration dates

Note: Answer not sure
1. Report
Question: What is the purpose of using screening factors?
A
They help focus in on a specific industry.

B
They guarantee against any losses.

C
They help investors decide when to exit an investment.

D
They are preset criteria that any investment must meet before an investor will consider it a viable investment.

Note: Answer not sure
1. Report
Question: When would someone most likely place a stop loss order?
A
When they own options which are out of the money and close to expiration

B
When they are short selling stocks

C
When they have sold substantial amounts of put options

D
When they own deep in the money call options

Note: Answer not sure
1. Report
Question: What is a covered call?
A
Selling put options

B
Short selling stocks

C
Selling a call option when the underlying stock is not owned

D
Selling a call stock option when the underlying stock is owned

Note: Answer not sure
1. Report
Question: What is an options contract?
A
Another term for stock

B
A contract to buy or sell a stock at a predetermined price

C
Insurance

D
A contract with your broker to buy and sell stocks

Note: Answer not sure
1. Report

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Question: Why can a borrower not deduct loan repayments from their income when calculating taxes?

Question: What does the term "Assignment" denote?

Question: What would happen to the balance sheet of a company that has automobiles with loans associated with them, and sells the automobiles for more than the carrying value of the loan?

Question: What does the term "General Recourse" mean?

Question: What is the most classic type of options trading?

Question: Which of the following is the optimal situation?

Question: What is the purpose of using screening factors?

Question: When would someone most likely place a stop loss order?

Question: What is a covered call?

Question: What is an options contract?