Which loan allows the borrower to obtain further advances at a later date?

A) Home equity loan program (HELP)
B) Home equity line of credit (HELOC)
C) Future advances limited loan (FALL)
D) this type of loan is not available in the current market

Answer: B) Home equity line of credit (HELOC)

Business

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The difference in the value of a piece of land with a man-made lake and the value of the land if the lake loses all of its water is referred to as

A. impairment of the asset B. loss on the value of the asset C. gain on the asset D. stupidity on the part of the company that owns the land

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An F-test is commonly used for the purpose of providing inferences for making statements about the means of parent populations

Indicate whether the statement is true or false

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