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NEW QUESTION: 1

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

NEW QUESTION: 2
The primary concern in a program results audit is a determination that
A. Resources are managed economically and efficiently.
B. Desired benefits are being achieved.
C. Financial statements are presented in accordance with International Financial Reporting Standards.
D. The entity has complied with laws and regulations.
Answer: B

NEW QUESTION: 3
What three things should you do once you have established a global default coverage?
A. Use Application Composer to include milestones on the Service Request Layout if desired.
B. Use Application Composer to configure warning emails about milestone compliance events.
C. Create an ESS job to Monitor Service Request Milestones.
D. Create an ESS job to Aggregate Service Requests.
Answer: A,C,D

NEW QUESTION: 4
First National Bank has made three loans to Mrs. Elmwood. Two of the loans are regulated credits (they are for the purpose of purchasing margin stock and secured by margin stock). The third loan is for the purpose of purchasing margin and nonmargin stock, and the loan is secured by real estate and margin stock. Can the bank avoid having the third loan combined with the other two for Regulation U purposes?
A. Yes, but the real estate must have a value of at least twice as much as the third loan.
B. No. All of the third loan must be combined with the others.
C. No. At least the part of the loan attributable to the security of margin stock must be treated as a regulated credit and combined with the other two loans.
D. Yes. As long as there is any other collateral, the loan will not be a regulated credit.
Answer: C