$24.$ When you fill up your pick$-$up at the local coop and charge it to your account that is considered which of the following?

a$.$ Intermediate$-$term loan

b$.$ Its not considered a loan

C$.$ Using a line of credit

d$.$ Amortized loan

$25.$ Setting up a land loan so that you pay $$50,000$ each year for the next $20$ years is which of the following?

a$.$ Line of credit

b$.$ Amortized loan with equal principal payments

c$.$ Amortized loan with a balloon payment

d$.$ Amortized loan with equal total payments.

$26.$ The single largest source of non$-$real estate loans is which of the following?

a$.$ Farm Service Agency

b$.$ Farm Credit System

c$.$ Commercial banks

d$.$ Commodity Credit Corporation

$28.$ Financing a tractor through the local Case dealership is considered which of the following? a$.$ An intermediate$-$term loan

b$.$ Using supplier credit

c$.$ Using your commercial bank

d Both a and b

$29.$ Advantages of land ownership include which of the following?

a$.$ More working capital

b$.$ Security of tenure

c$.$ Promote further expansion in the near future

d$.$ Both a and b

$30.$ Advantages of leasing include which of the following?

a$.$ Security of tenure

b$.$ More working capital

c$.$ Quicker equity accumulation

d$.$ Both a and b

$31.$ Using prices of comparable sales are an example of valuing ground by which method?

a$.$ Income comparison

b$.$ Income capitalization

c$.$ Market share

d$.$ Market data

$32.$ A land lease should contain which of the following?

a$.$ Legal description

b$.$ Term of the lease

c$.$ Amount and timing of payments

d$.$ All the above

$33.$ Which of the following is a characteristic of a cash rent lease?

a$.$ Tenant gets $2/3$ of the crop and the landlord $1/3$

b$.$ Tenant pays half the expenses in cash and the landlord the other half

c$.$ Tenant pays the rent in cash and receives all the income generated

d$.$ Tenant pays the rent in cash and the landlord pays all the expenses

$34.$ The tenant standing all the risk from yield, price, and cost variability is a characteristic of which of the following leases?

a$.$ Crop share lease

b$.$ Adjustable crop share lease

c$.$ Cash lease

d$.$ Adjustable cash lease

$35.$ Which of the following leases is described when the landlord receives a specified number of bushels?

a$.$ Variable Cash lease

b$.$ Custom Farming lease

c$.$ Bushel lease

d$.$ Crop share lease