Updated: Sep 07, 2025
No. of Questions: 125 Questions & Answers with Testing Engine
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1. A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:
A) a liability bond
B) a risk management bond
C) a security bond
D) a fidelity bond
2. Why do lenders need liquidity?
A) so they have the funds to originate more loans
B) to qualify for FHA insurance
C) so they can put their money in long-term assets
D) so loans can be packaged together to create MBSs
3. Per se violations are:
A) acts that are in violation of the TCPA
B) acts that are in violation of CAN-SPAM
C) acts that are NOT considered inherentty illegal
D) acts that are considered inherently illegal
4. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?
A) 150 ft.
B) 200 ft.
C) 180 ft.
D) 90 ft.
5. Which environmental law requires federal agencies to prepare environmental impact assessments and statements before undertaking a potentially impactful act?
A) Resource Conservation and Recovery Act
B) The National Environmental Policy Act
C) The Clean Air Act
D) The Clean Water Act
Solutions:
Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |
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