Answer:
Money serves as a medium of exchange, as a store of value, and as a unit of account.
I don’t understand this question
Answer:
B. $1,015,500 on Marc ; $756,500 for Estella
Explanation:
Marc has current salary of $110,000 with which he runs the household expenses. If Marc dies then there should be more insurance coverage because he is the only person who earns in the house. Estella is a house wife and insurance coverage for her is lower than Marc because he will still be able to continue his earning.
The real interest rate would be 5%.
You are getting 8% interest and losing 3% due to inflation= 5%
