Buildings and Structures of Types 1 and Type 2 Construction

question 170

Multiple Choice

Buildings and structures of Types 1 and Type 2 construction are those in which the walls, partitions, floors and ceilings, etc., are constructed of what kind of materials?

• A)Heat-treated nonflammable materials
• B)Wood frame materials
• C)Approved noncombustible materials
• D)Heavy timber

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Definitions:

Floating Rate Bond

A type of bond whose interest payments vary with changes in market interest rates, also known as a floater or variable rate bond.

Variable Amount

A sum that can change over time or depending on conditions, in contrast to a fixed amount.

Coupon Interest

The fixed interest rate paid by a bond, typically annually or semi-annually.

Junk

A colloquial term for assets or securities that are of low quality, often associated with high risk and potential high return.