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NEW QUESTION: 1

A. Option C
B. Option D
C. Option A
D. Option B
Answer: C

NEW QUESTION: 2
Owner's equity is:
A. Difference between assets and liabilities
B. Difference between assets and revenues
C. Difference between revenues and expenses
D. Difference between expenses and liabilities
Answer: A

NEW QUESTION: 3
Of the following loans made by a national bank, which loan is NOT covered by the OCC ARM regulation?
A. A loan made to purchase an eight-unit apartment complex, secured by the building, made payable on demand with a variable rate of interest
B. A loan to purchase a single-family dwelling to be used as a residence, secured by the dwelling with an adjustable interest rate
C. A loan made to purchase a mobile home to be used as rental property, secured by the home with a variable interest rate
D. A loan made to purchase a duplex, secured by the dwelling, amortized over 15 years with a 5-year maturity, at a variable rate of interest
Answer: A