Not all commercial banks deal in the secondary money market for their customers

What type of trust, where the settlor must clearly intend to create a trust, has the following four elements: (1) a settlor, (2) a trustee, (3) trust property,and (4) at least one beneficiary?

a. Express trust b. Implied trust c. Testamentary trust d. Living trust

Disadvantages of the iterative SDLC include each of the following except

A) revisiting and revising prior phases is not easy to accomplish. B) high-level design has to predict all integrations well in advance. C) needs great effort to manage all integrations. D) project teams should be able to estimate well enough to plan all integrations.