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Louis owns a 10-unit apartment building. Last week he entered into a written lease with Tina, a new tenant, which provided that she would lease Apartment 8 in his building “for $12,000 per year, payable at $1,000 per month.”  There is no other provision in the lease specifying when its term will end. What estate does Tina have?

Excel file:  Copy link back into this text box.  In case you can’t copy here, copy into question #9.   DO NOT USE FORMULATEXT on the exam.  Simply write your formulas or functions (show work) in the yellow cells.  EXAM_2_Spring_2025_Version_D-1.xlsx

Just in case Question #1 doesn’t have a text box.  Ignore if Question #1 works!!! Post link here if Question #1 box doesn’t show up!

The only answer here can be true.  If you do not understand this question and can’t answer true, please stop and ask Dr G or the LA to help you.  I have read the “Instructions” part of the excel file (below) and understand how I am to “show my work.”  I also understand I am not to HARDCODE anything unless the instructions indicate to do so.  I also understand that I am NOT to use formulatext on the test as this is not “showing your work.” 

Which of the following is NOT considered one of the four groups in the Federal Reserve System?

If a bank’s ratio of capital to assets is 0.1 and its return on assets is 1.5%, what is its return on equity?

If you have a checking account at First National Bank, the account is

If the real interest rate is -0.1% and expected inflation is 6%, the nominal interest rate is:

When the Federal Reserve purchases a government bonds from banks, reserves in the banking system ________ and the monetary base ________, everything else held constant.

If the 2018 inflation rate in Eurozone is 2.2%, and the inflation rate in Mexico is 3.4%, then the theory of purchasing power parity predicts that, during 2018, the value of peso in terms of euro will