Answer:
Option C is correct.
Explanation:
The McFadden Act which was passed by Congress in 1927 refers to a Federal legislation which ensured that authority was given to individual states to govern the bank branches that were located within the state.
The legislation also included national bank branches that were located within state lines.
This act was passed with the intention of allowing the national banks to compete with state banks by allowing them to open bank branches within state limitations.
Answer: The correct answer is "B. lower".
Explanation: The insurance premium is one of the central elements of the contract since it is the price that the insured pays for the coverage he receives. Its value will depend on the type of risk insured and is always fixed in advance by the insurance company. It must be sufficient for the insurer to face the insured risk, calculating that not all the insured will need the coverage, that is, statistically, there is a probability that it will happen or not.
The premium is lower in a survivorship life policy as compared to the premium in a joint life policy.
Answer:
True
Explanation:
Advertising is a form of non price competition.
If advertising increases brand loyalty ,it increases the number of people that would choose to patronise a particular brand forsaking other brands.
This gives the producer that enjoys brand loyalty the leeway to increase price because they are confident that consumers would not switch to other brands.
I hope my answer helps you
Answer:
The equivalent tax-free yield is:
10.42%
Explanation:
Tax-free yield = 7.5%/(1 - 28%)
= 10.42%
This equivalent tax-free yield is the yield of the 7%, 15-year corporate bond that will make it comparable to a municipal bond that is tax-free. To calculate the tax-free yield, we divide the yield rate by the inverse of the tax bracket. In this case, this yields 10.42%. This implies that for this corporate bond to be valued equally with a municipal tax-free bond, the yield must be at least 10.42%.
