The frequency of default on a home loan is ________ the frequency of default on a credit card
A) much lower than
B) much higher than
C) a bit lower than
D) a bit higher than
Answer: A
Business
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Evidence is usually more persuasive for balance sheet accounts when it is obtained
A) as close to the balance sheet date as possible. B) only from transactions occurring on the balance sheet date. C) from various times throughout the client's year. D) from the time period when transactions in that account were most numerous during the fiscal period.
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