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NEW QUESTION: 1
Municipal securities:
A. are always exempt from federal, state and local taxes.
B. may be exempt from federal taxes.
C. do not have any credit risk.
Answer: B
NEW QUESTION: 2
All applications downloaded from the App Exchange can be modified once loaded into an org.
A. False
B. True
Answer: A
Explanation:
Explanation/Reference: Only unmanaged packages downloaded from the App Exchange can be modified. Managed packages are unable to be edited or customized.
NEW QUESTION: 3
Under an operating lease, possible benefits to the lessee include which of the following?
I. It requires no initial capital outlay.
II. It can be structured as an off-balance-sheet item.
III.
It can offer tax advantages.
A. I and II only
B. II and III only
C. I, II, and III
D. I only
Answer: C