Auction with reserve Study guides, Class notes & Summaries
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SERIES 7 – DEBT Test Questions
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SERIES 7 – DEBT Test Questions 
 
U.S. Government debt is sold by _____________ bidding at a weekly auction conducted by the 
_________________ where ____________ are sold. - Sold by COMPETITIVE bidding at a 
weekly auction conducted by the FEDERAL RESERVE where TREASURY BILLS are sold. 
 
(This is by far, the largest amount of debt issued by the government.) 
 
Every ________ weeks, Notes, Bonds, and TIPS are sold at auction. - Every 4 weeks. 
 
(The actual amount of debt for sale at each auc...
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Contract Law for Paralegals Final Exam-Solved 100% Correct
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Six Elements of a Valid Contract - ANSWER-* Offer 
* Acceptance 
* Consideration 
* Legal 
* Capacity 
* Intent 
 
All contracts are either - ANSWER-Bilateral or unilateral 
 
Bilateral contract - ANSWER-a promise for a promise 
 
Unilateral contract is: - ANSWER-a promise for an act 
 
Express contract is: - ANSWER-K where mutual assent of parties is verbal or written 
 
Implied contract - ANSWER-K established based on conduct of parties 
 
Quasi contract - ANSWER-No K, but courts act as matter...
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Ky Board of Auctioneer Questions and Answers with complete solution
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Absolute Auction - After the auctioneer calls for bids on an article or lot, that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
Auction with reserve - when auctioneer may withdraw the property at any time until he or she 
announces the completion of the sale. The potential bidders are the offerors 
Auction with reserve and the sellers reserving the right to bid - The auctioneer may withdraw the 
goods at any time until he announces completion of the sale - K...
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ce shop final exam 2024 with verified solutions
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Which of the following formulas is used with the index method to find the reproduction cost? correct answersPresent index ÷ Index at time of construction x Original cost = Present cost 
 
On auction day, what impact does the type of auction (absolute or reserve) have on your buyers/bidders? correct answersYour buyers may have the high bid and still not get the property in a reserve auction. 
 
Which federal lending act was introduced to combat lending discrimination in low- and moderate-income ...
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Ky Board of Auctioneer Test Questions With Answers
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Ky Board of Auctioneer Test Questions With Answers 
 
Absolute Auction - ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
 
Auction with reserve - ANS when the auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors 
 
Auction with reserve and the sellers reserving the right to bid - ANS The auctio...
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ce shop final exam questions & answers 2023/2024
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ce shop final exam questions & answers 2023/2024 
 
Which of the following formulas is used with the index method to find the reproduction cost? - ANSWER-Present index ÷ Index at time of construction x Original cost = Present cost 
 
On auction day, what impact does the type of auction (absolute or reserve) have on your buyers/bidders? - ANSWER-Your buyers may have the high bid and still not get the property in a reserve auction. 
 
Which federal lending act was introduced to combat lending dis...
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CE Shop 2023 Exam Questions with All Correct Answers
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CE Shop 2023 Exam Questions with All Correct Answers 
Lenders will require which type of fund for taxes and insurance? Balloon fund 
Emergency fund 
Mortgage fund 
Reserve fund - Answer-Reserve fund 
 
Mark works at Farm and Country Bank, and has arranged an agricultural loan for Josh, a local organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the loan because he was able to arrange for a guarantee from ______. 
Farmer Mac 
The Farm Credit System 
The Farm...
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CE Shop 2023-2024 Exam Questions with Correct Answers
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CE Shop 2023-2024 Exam Questions with Correct Answers 
Lenders will require which type of fund for taxes and insurance? Balloon fund 
Emergency fund 
Mortgage fund 
Reserve fund - ANSWER Reserve fund 
 
Mark works at Farm and Country Bank, and has arranged an agricultural loan for Josh, a local organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the loan because he was able to arrange for a guarantee from ______. 
Farmer Mac 
The Farm Credit Syste...
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Auctioneer Exam Questions And Answers
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Auctioneer Exam Questions And Answers 
Auction - ANS method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience 
 
Auctioneer - ANS any person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for recognition of and t...
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Ky Board Of Auctioneer Test Exam With 100% Correct Answers
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Ky Board Of Auctioneer Test Exam With 
100% Correct Answers 
Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article 
or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
Auction with reserve - answerwhen auctioneer may withdraw the property at any time until 
he or she announces the completion of the sale. The potential bidders are the offerors 
Auction with reserve and the sellers reserving the right to bid - answerThe auctioneer m...
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