The biggest difference between mutual funds and life insurance policies is:

A. when you can have access to your contributions.
B. one is a savings plan, and one allows you to reduce your risk.
C. one is considered savings, and the other is an investment.
D. when you are required to contribute to them.


A. when you can have access to your contributions.

Economics

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The quantity demanded is always equal to the quantity supplied

Indicate whether the statement is true or false

Economics

When there is a positive externality associated with the watering of one's lawn, the free market results in

a. not enough lawn watering b. too much lawn watering c. the socially optimal level of lawn watering d. people watering each other's lawns e. government taxes on lawn watering

Economics

Cost pull inflation occurs when the:

A. business cycle becomes sporadic and unpredictable. B. price of necessity goods increases suddenly. C. price of a key input increases suddenly. D. price level changes in response to changes in the business cycle.

Economics

Marginal cost is calculated for a particular increase in output by

A) multiplying the total cost by the change in output. B) multiplying the change in total cost by the change in output. C) dividing the total cost by the change in output. D) dividing the change in total cost by the change in output.

Economics