In a(n) __________ insurance policy, there is no savings component
A) whole
B) term
C) universal
D) variable
B
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An efficient market is one in which
a. no rents are created. b. past prices can be used to predict the levels of future prices. c. the principals can fully monitor the actions of their agents. d. the price fully reflects all available information.
The real interest rate can be expressed as the:
a. nominal interest rate minus the real interest rate. b. inflation rate minus the nominal interest rate. c. nominal interest rate minus the inflation rate. d. nominal interest rate plus the inflation rate.
When Haley states that inflation by itself always reduces the real return on her saving, she
a. has expressed the idea of the inflation tax. b. has expressed the idea behind menu costs. c. has committed the inflation fallacy. d. has expressed the idea behind shoeleather costs.
An increase in the overall price level is
A. a price index. B. a recession. C. deflation. D. inflation.