If an insured conceals a material fact, makes false statements or engages in a fraudulent act, he or she is guilty of:

Which statement about an account is true?

a. In its simplest form, an account consists of two parts. b. An account is an individual accounting record of increases and decreases in specific asset, liability, and stockholders' equity items. c. There are separate account for specific assets and liabilities but only one account for stockholders' equity items. d. The left side of an account is the credit or decrease side.

A FICO score below 660 is considered good while a score above 720 is likely to cause problems in obtaining a loan

Indicate whether the statement is true or false