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Questions and Answers
What is the implication of issuing a house cheque?
What is the implication of issuing a house cheque?
- It is a requirement for obtaining a mortgage
- It is an indication of the individual's financial stability (correct)
- It is a sign of property investment
- It is a guarantee that the individual owns a house
Why might issuing a house cheque be considered a significant financial commitment?
Why might issuing a house cheque be considered a significant financial commitment?
- It indicates the individual's participation in the real estate market
- It signifies an agreement to purchase a property (correct)
- It requires a substantial amount of money to be deposited in the bank
- It involves a legally binding contract with the bank
What does issuing a house cheque potentially reveal about an individual?
What does issuing a house cheque potentially reveal about an individual?
- Their current ownership of multiple properties
- Their potential for obtaining future mortgage loans
- Their ability to make timely bill payments
- Their willingness to invest in real estate (correct)
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