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NEW QUESTION: 1
Which of the following interest-bearing accounts is EXEMPT from Form 1099 annual information reporting requirements under IRS regulations?
A. Money market deposit accounts
B. Negotiable order of withdrawal accounts
C. Time certificates of deposit
D. Individual retirement accounts
Answer: D
NEW QUESTION: 2
Which of the following is least likely to be found in the Orange Book?
A. Documentation
B. Networks and network components
C. Accountability
D. Security policy
Answer: B
NEW QUESTION: 3
Financial institutions regularly identify uncollectible accounts and charge them off against the reserve of:
A. Loan expenses
B. Unearned loan revenue
C. All of these
D. Loan losses
Answer: D
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