Series 6 - Investment Company And Variable Contracts Products Representative Exam

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The amount borrowed using an equipment trust certificate is generally:

More than the full value of the property securing the certificate.
A
Equal to the full value of the property securing the certificate.
B
Less than the full value of the property securing the certificate.
C
Not related to the full value of the property securing the certificate.
D
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Explanations

Because the certificate usually matures before the equipment wears out, the amount borrowed is generally less than the full value of the property securing the certificate.

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