Answer:
B. 1 and 2.
Explanation:
Life insurance policy can be defined as a contract between a policyholder and an insurer, in which the insurer agrees to pay an amount of money to a specific beneficiary either upon the death of the insured person (decedent) or after a set period of time.
A decedent refers to a deceased person who is no longer able to control his or her properties (wealth).
Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.
This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in the following circumstances:
I. The decedent gave the policy to his father four years ago, but retained the right to change the name of the beneficiary.
II. The policy beneficiary is a grantor trust of the decedent but the policy is owned by a closely-held corporation.
Answer: The correct answer is Account A.
Explanation: The best type of account for Kylie is checking account A for three different reasons.
1. She has the $500 minimum balance to open the account.
2. She plans on using her bank’s ATM to make deposits and withdrawals, which are free for this account.
3. Kylie sometimes over draws her account, and Account A offers overdraft protection.
Answer:
CPI at the beginning of the year = 192.52
Explanation:
given data
nominal interest rate = 7 percent
real interest rate = 4 percent
CPI = 198.3
to find out
CPI at the beginning of the year
solution
we know that according to fisher equation
1 + r = 
....................1
and for smaller values is equivalent to r
r = n - i .....................2
here r is real interest rate and n is nominal interest rate and i is inflation rate
so from equation 2
4 = 7 - inflation rate
inflation rate = 3 percent
so
Rate of inflation = (CPI at the end of the year - CPI at the beginning of the year) × 100 ÷ CPI at the beginning of the year
put here value
3% = (198.3 - CPI at the beginning of the year) × 100 ÷ CPI at the beginning of the year
CPI at the beginning of the year = 
CPI at the beginning of the year = 192.52
Answer:
b) because it allows specialization, which increases total output
Explanation:
Specialization is when a nation or individual concentrates its productive efforts on producing a limited variety of goods. It oftentimes has to forgo producing other goods and relies on obtaining those other goods through trade.
Answer:
a) 15 to 35 approximately 95%
(b) 10 to 40 approximately almost all
(c) 20 to 30 approximately 68%
Explanation:
The data have a bell-shaped distribution which means the data is equally distributed on both sides of the mean.
We have the mean at 25 and a standard deviation of 5 which means that the interval is for each of the values of 5 .
The mean would be u and
The first value would be u ±σ = 25 ± 5= 20 and 30 (68 % )
The second value will be u ± 2σ= 25± 10 = 15 and 35 (95%)
The third value will be u ± 3σ= 25 ± 15 = 10 and 40 (99.7 % almost all)
In the figure below the light blue region gives u ±σ on both sides of the mean
, dark blue gives u ± 2σ values on both sides of the mean and grey gives
u ± 3 σ values on both sides of the mean.
It is obvious that 68 % of the data is contained in the u ±σ light blue region, 95 % of the data in the u ± 2σ dark blue including light blue and 99.7 % in the u ± 3σ all colored regions.
