Equity mutual funds may contain common stock, but not preferred stock.

a. true
b. false

Ans: b. false

Business

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An ARM is

a. a graduated payment mortgage. b. a growing equity mortgage. c. a mortgage in which the interest rate changes periodically based on an index. d. a reverse annuity mortgage.

Business

If a shoplifting suspect is detained for an unreasonably long time and is found to be innocent, the merchant is liable for the tort of malicious prosecution

Indicate whether the statement is true or false

Business