Question
Buying a car from a dealer with a set price (a no-haggle dealer) is usually more stress-free and less time consuming.
Question 48 options:
True
False
Question 49 (2 points)
Financial institutions provide home equity loans up to a maximum of 70 percent of the value of the equity in a home.
Question 49 options:
True
False
Question 48 options:
True
False
Question 49 (2 points)
Financial institutions provide home equity loans up to a maximum of 70 percent of the value of the equity in a home.
Question 49 options:
True
False
Answers
GPT-4o mini
For Question 48: **True**
Buying a car from a no-haggle dealer typically reduces stress and saves time since the price is set and negotiation is not necessary.
For Question 49: **False**
While some financial institutions may offer home equity loans up to 70 percent of the value of the equity in a home, this is not a universal standard and can vary by lender. Many lenders may offer up to 80-90 percent, depending on various factors. Always check with specific financial institutions for their terms.
Buying a car from a no-haggle dealer typically reduces stress and saves time since the price is set and negotiation is not necessary.
For Question 49: **False**
While some financial institutions may offer home equity loans up to 70 percent of the value of the equity in a home, this is not a universal standard and can vary by lender. Many lenders may offer up to 80-90 percent, depending on various factors. Always check with specific financial institutions for their terms.