All of the following are exceptions or limitations to the tax rules associated with interest-free and/or below market interest loans except: Question 11 options: a) A refundable, non-interest bearing deposit as part of as health club membership. b) The balance for term loans which are not gift loans does not exceed $10,000. c) The total balance of all loans made by the lender to the borrower does not exceed $10,000. d) The total balance of all gift loans made by the lender to the borrower does not exceed $100,000

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