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Which of the Following Will Not Result in a PMSI

Question 68

Multiple Choice

Which of the following will not result in a PMSI in the creditor?


A) A store allowing a customer to purchase an air conditioner on credit
B) A farmer pledging his equipment as collateral
C) A loan for the purchase of a solar system
D) A bank loaning funds to a homeowner for the purchase of new kitchen cabinets

Correct Answer:

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