Which of the following statements are TRUE statements about variable annuities?
I Investors get an interest rate guarantee
II The portfolio funding the separate account is professionally managed
III The portfolio is invested in other management company shares
IV Dividends and capital gains must be reinvested until annuitization occurs
@ I and II only
@ III and IV only
@ II, Ill, IV
@ I, II, III, IV
@ II, Ill, IV
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Why have economists abandoned the use of money-growth rules in the United States? Explain.
What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).
Changes in the depreciable lives of equipment may be identified through a substantive audit procedure that includes analyzing depreciation expense as a percent of assets
a. True b. False Indicate whether the statement is true or false
Peggy would like to open a dog grooming business in her home. Which of the following, if true, would indicate this is a good idea?
A. More households now own dogs, but the owners don't want to give them regular baths. B. Fewer households now own dogs, but the owners don't want to give them regular baths. C. Fewer households now own dogs, but the owners give them regular baths. D. More households now own dogs, but the owners give them regular baths.