Answer:
The answer is: D) All of the above
Explanation:
The characteristics of a variable annuity contract are:
- earnings are tax deferred and reinvested
- they offer a Guaranteed minimum death benefit (GMDB)
- depending on the annuity payout option the beneficiary takes, they can provide guaranteed income for life
The beneficiary can decide between different annuity options. Annuity payments can vary depending on the account's earnings.
Answer:
1. (C.) Not excludable and not rival in consumption.
2. (D.) Not excludable and rival in consumption.
3. True
Explanation:
At first, the wireless, high-speed Internet provided for free in the airport of the city of Communityville is not not excludable and not rival in consumption as only a few people are using it, thereby making it a public good.
Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now the service is still not excludable but rival in consumption.
However, one possible way to solve the problem that arises from the increased usage is to charge a fee for using this service, which now makes it excludable.
Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.
