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Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulation U?
A. Yes
B. Yes, if any amounts other than interest, service charges, or taxes are added to the loan balance
C. Yes, if any additional amounts are added to the loan balance
D. No, a renewal is never considered to be a new credit
Answer: B

NEW QUESTION: 2
A company recently went through a project requiring new equipment, new software, and retraining of personnel. This is MOST likely a result of:
A. outsourcing.
B. resource allocation.
C. a business process change.
D. an internal reorganization.
Answer: C

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Which statement is correct about 13 IS link state PDUs?
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C. They are used to maintain link slid.: database synchronization
D. They are used to establish adjacencies
Answer: C