All of the following statements about current assumption whole life insurance are true EXCEPT
A) It is a form of participating whole life insurance that pays annual dividends.
B) An accumulation account is credited with an interest rate based on present market conditions and company experience.
C) Under the low-premium version, the premium is subject to change after an initial guaranteed period.
D) Under the high-premium version, the premium may be discontinued after a period of time.
Answer: A
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Which of the following deductions is paid by both the employer and employee?
A) federal income taxes B) federal unemployment taxes C) FICA taxes D) SUTA taxes
Advocates of the antitrust goal that preserves small businesses and an economy characterized by many sellers competing with one another would ________
A) define consumer welfare as an improvement in the allocation of resources without an impairment to productive efficiency B) argue that when large companies are allowed to merge, fix prices, and participate in joint ventures, jobs are lost and plants are shut down in some areas C) argue that there is a direct correlation between large corporations, economic power, and control of the political process D) break up large corporations such as General Motors (GM), International Business Machines (IBM), and Microsoft
Rearranging plain-text messages by a mathematical process is known as ________
A) password B) phishing C) encryption D) virus
Commercial paper is issued in denominations of:
A. $10 only. B. $100 or less. C. $1,000 only. D. $100,000 or more. E. $1,000,000 only.