The person or organization named on a trust deed as the beneficiary is most likely the:
a. trustee.
b. lender.
c. borrower.
d. buyer.
Answer: b. lender.
Business
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Which of the following financial institutions is a not-for-profit organization that is open only to members of that institution and tends to offer more favorable interest rates to borrowers and savers?
A) Savings bank B) Commercial bank C) Savings and loan association D) Credit union E) None of the above are correct.
Business
The technology used by early online communities was limited to mostly:
A) instant messaging. B) FTP. C) e-mail. D) bulletin boards.
Business