Which of the Following Is FALSE Regarding a Construction Loan

question 17

Multiple Choice

Which of the following is FALSE regarding a construction loan?

• A) It usually has a lower rate than does permanent financing
• B) It is also known as interim loan
• C) Hard costs can usually be financed
• D) The entire land cost can not usually be financed

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Definitions:

Magnification

The process of making something appear larger than it actually is, often using lenses or microscopes.

Carbamates

A group of organic compounds used as insecticides, herbicides, or in pharmaceuticals, derived from carbamic acid.

Herbicides

Chemical substances used to control or kill unwanted plants (weeds), often used in agriculture and landscaping.

Systemic Chemicals

Chemical substances that are absorbed by an organism, affecting its entire system rather than a localized area, often used in plants to provide internal protection against pests.