Phil is an insurance broker. This means that Phil is
A) an employee of an insurance company
B) an independent contractor.
C) not allowed to deal directly with an insurance company.
D) in charge of determining the appropriate premium for an insurance policy.
B
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If the M1 multiplier is 3 and the Fed engages in open-market sales in the amount of $3 billion, then M1 will
A. increase by $1 billion. B. decline by $1 billion. C. decline by $9 billion. D. increase by $9 billion.
Cost of goods sold represents an outflow of an asset, inventory, from the sale of products
a. True b. False Indicate whether the statement is true or false
The preferred way to rehearse is:
a. by yourself b. in front of others c. both of the above d. none of the above
Which of the following is true of the historical simulation method for calculating VaR?
A. It fits historical data on the behavior of variables to a normal distribution B. It fits historical data on the behavior of variables to a lognormal distribution C. It assumes that what will happen in the future is a random sample from what has happened in the past D. It uses Monte Carlo simulation to create random future scenarios