AGBU 2389 AG FINANCE EXAM 3
PRACTICE TEST 2026 TESTED QUESTIONS
WITH VERIFIED ANSWERS GRADED A+
⩥ The largest type of Agribusiness Producer is: Answer: Mega Farms
such as major corporations
⩥ Lifestyle Farmers are those that are involved in agriculture for the
enjoyment or hobby of it Answer: True
⩥ Agriculture tends to take significantly more capital assets than some
businesses. This is because.. Answer: The number one productive asset
is land
⩥ Urbanization is forcing producers to Answer:
⩥ The financial contact of most households and individuals is with a
depository institution, that is, a bank, savings and loan, or credit union
Answer:
⩥ Farmer MAC is the farmer agriculture montage company Answer:
True
, ⩥ Equity Capital is an agribusiness: Answer: Owner's investment in the
business
⩥ The joint ownership of nonprofit marketing or processing systems by
producers are Answer: Farmer Cooperatives
⩥ A promissory notes is written legally binding evidence of a debt and is
a Answer: Contact between lender and borrower
⩥ All of the below are parties to a loan transaction except Answer:
Lender: Beneficiary, Mortgagee, Trustee, Through Appointed Trustee
Borrower: Maker of The Note, Obligor, Mortgagor, Truster, Grantor
⩥ Security agreements are standardized descriptions of assets pledged as
collateral for a loan and may included all of the below types of assets
except Answer: Real Estate
⩥ A deed of trust facilitates the pledge of real property to secure a note
Answer: True
⩥ In a deed of trust, the lien is held in trust by someone the lender
specifies. This document is then filed where: Answer: In the county in
which the property is located
PRACTICE TEST 2026 TESTED QUESTIONS
WITH VERIFIED ANSWERS GRADED A+
⩥ The largest type of Agribusiness Producer is: Answer: Mega Farms
such as major corporations
⩥ Lifestyle Farmers are those that are involved in agriculture for the
enjoyment or hobby of it Answer: True
⩥ Agriculture tends to take significantly more capital assets than some
businesses. This is because.. Answer: The number one productive asset
is land
⩥ Urbanization is forcing producers to Answer:
⩥ The financial contact of most households and individuals is with a
depository institution, that is, a bank, savings and loan, or credit union
Answer:
⩥ Farmer MAC is the farmer agriculture montage company Answer:
True
, ⩥ Equity Capital is an agribusiness: Answer: Owner's investment in the
business
⩥ The joint ownership of nonprofit marketing or processing systems by
producers are Answer: Farmer Cooperatives
⩥ A promissory notes is written legally binding evidence of a debt and is
a Answer: Contact between lender and borrower
⩥ All of the below are parties to a loan transaction except Answer:
Lender: Beneficiary, Mortgagee, Trustee, Through Appointed Trustee
Borrower: Maker of The Note, Obligor, Mortgagor, Truster, Grantor
⩥ Security agreements are standardized descriptions of assets pledged as
collateral for a loan and may included all of the below types of assets
except Answer: Real Estate
⩥ A deed of trust facilitates the pledge of real property to secure a note
Answer: True
⩥ In a deed of trust, the lien is held in trust by someone the lender
specifies. This document is then filed where: Answer: In the county in
which the property is located
