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Point (mortgage): Quiz

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Question 1: By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated ________.
Central bankMoney supplyInterest rateDebt

Question 2: One point equals one percent of the ________ amount.
Bond (finance)Credit (finance)DebtLoan

Question 3: Points, sometimes also called a "discount point", are a form of pre-paid ________.
Credit (finance)DebtInterestBond (finance)







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