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Evaluate the Formula =AND(G2="FT",M2>=1) Based Upon the Information Provided

question 91

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Evaluate the formula =AND(G2="FT",M2>=1) based upon the information provided.
-What value is returned assuming that G2 contains the value FT and M2 contains the value 2?

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Definitions:

Termination Statement

An amendment to a financing statement which states that the debtor has no obligation to the secured party.

Financing Statement

A Financing Statement is a document filed to give public notice of a secured party's interest in the personal property of a debtor, used mainly in secured transactions.

Consumer Good

A product or commodity that is produced and purchased to satisfy the personal or family needs of the consumer.

Secured Interest

A legal claim or lien on assets or property, granted to a lender as security for the repayment of a debt, giving the lender rights to the collateral if the debt is not repaid.

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