The borrower's interest rate is generally referenced in the

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The borrower's interest rate is generally referenced in the

A. Deed of trust
B. Deed
C. Promissory note
D. NOTA

Answer: C.Promissary note

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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