I believe the answer is: Term insurance
Term insurance is significantly cheaper compared to other type of insurance because it only cover risk plan without considering potential return in the future.
The amount of term insurance usually paid at a fixed rate on a limited period of time.
Answer:
both the required reserve ratio and the market interest rate (A)
Explanation:
The Federal Reserves influences the money supply by manipulating required money banks deposit reserve ratio, market interest rate and open market operations. If the Federal reserves wants to increase the supply of money, it will reduce the required reserve ratio by banks. Thus commercial bank would have more money at their disposal to lend to clients.
Also, the Federal Reserves, which is the apex bank and regulator of ALL bank, play the role of ''lenders of last resort'', hence they lend money to commercial banks, when they are constrained financially, by this, banks are able to lend to customers with ease.
Furthermore, the Federal reserves also buys and sells securities, which it uses to either increase the supply of money or reduce the supply of money in the economy, and can use this model to also address economic problem such as inflation.
Answer:
a. Having $200 today is equivalent to having 
= $208
b. Having $200 in one year is equivalent to having 
i.e $192 today.
c. $200 today would be preferred since $200 received one year hence will have lower present value i.e it would be equivalent to $192 received today.
d. The answer provided above in (c) did not take into consideration the requirement or need. It only considered time value of money. If money is required today, it will be availed today irrespective of the time value of money principle since needs override principles.
