Question: Indicate whether the following statments are true or false 4) A jumbo bond is a mortgage that exceeds the mortgage lending limits set by Frannie

Indicate whether the following statments are true or false

4) A jumbo bond is a mortgage that exceeds the mortgage lending limits set by Frannie Mac and Freddie Mac.

5) In defined benefit plan the retirement benefit will vary according to rates of return on pension fund reserves.

6) Loans are the major item on a commercial bank's balance sheet, and they generate the largest amount of revenue.

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