Home equity/second mortgage loans have two important advantages over most other types of loans. They are

A) tax deductibility of payments and longer terms.
B) tax deductibility of interest and lower interest rates.
C) no risk for borrower and less amortization.
D) increase in future financing flexibility and no recourse clause.
E) none of the above.


Answer: B

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Answer the following statement true (T) or false (F)

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The term ease of doing business refers to

A. the amount of effort required on the part of a customer when dealing with a firm. B. the ease with which a product can be promoted effectively. C. the ease with which a business can secure financing to start operating its business. D. how quickly a firm can recoup its costs and begin making a profit. E. how complicated the process is for producing and delivering a product.

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A limited liability company:

A. Is subject to double taxation. B. Has one or more owners, called members. C. Is the same as a corporation. D. May only have two partners. E. Has owners called stockholders.

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Federal immigration laws do not require verifying whether workers are U.S. citizens or are otherwise authorized to work in this country.

Answer the following statement true (T) or false (F)

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