The Sarbanes-Oxley Act (SOX) established the Securities and Exchange Commission (SEC)
Indicate whether the statement is true or false.
Answer: FALSE
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To substantiate an advertising claim, the statement must reflect the typical experience that a customer would expect to encounter from using a good or service, unless the advertisement clearly and prominently states otherwise
Indicate whether the statement is true or false
You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $310,000?
A. 95.70 B. 90.84 C. 72.18 D. 81.11 E. 93.27
Which of the following statements is correct about the loading expenses for insurance companies?
A) The loading expenses are measured using the expense ratio. B) The loading expenses are governed by law. C) The loading expenses reduce the insurance premiums charged by insurance companies. D) The loading expenses compensate the insurance companies for the risk that they take.
Brad suffers from congestive heart failure and has been admitted to a nursing home where he is expected to spend the remainder of his life. His doctor has certified him as chronically ill. In 2018, Brad receives $320 per day from his life insurance policy for 100 days ($32,000) as accelerated death benefits. Brad's nursing home care costs $300 per day ($30,000 for the 100 days of care). Brad will be allowed to exclude
A. $32,000. B. $2,000. C. $30,000. D. $0.