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NEW QUESTION: 1
First National Bank has an employee benefit program whereby all bank employees who meet the bank's credit
underwriting standards may obtain consumer loans for
major purchases or expenses at a rate that is less than the bank's prime rate. Can the bank allow its executive officers to borrow under this program?
A. Yes. Provided the program is available to everyone at the bank as an employee benefit, executive officers may also participate.
B. No. However, the related interests of the executive officers may take advantage of it.
C. Yes. However, executive officers must secure their loans with collateral valued at 100 percent of the loan balance or more.
D. No. Executive officers may not have preferential interest rates under any circumstances.
Answer: A
NEW QUESTION: 2
Your customer reports that they are unable to add a new "Bonus" pay component to their "Total Target Compensation" pay component group. There is an association between the pay component group and the pay component.
What is a possible reason that the customer is experiencing this problem? Please choose the correct answer.
A. The "Bonus" pay component has a later effective date than the "Total Target Compensation" pay component group.
B. The "Bonus" pay component has a different currency than the "Total Target Compensation" pay component group.
C. The "Bonus" pay component also has an association to another pay component group.
D. The "Bonus" pay component has a different frequency than the "Total Target Compensation" pay component group.
Answer: A
NEW QUESTION: 3
A. Option A
B. Option D
C. Option B
D. Option C
Answer: C
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