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Question
Which one of the following economic conditions is best suited for the sale of whole life contracts?a. moderate inflation (5%) and high economic growth (6%)
b. high inflation (10%) and cyclical instability
c. low inflation (3%) with stable economic growth (4%)
d. none of the above.
Answer
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Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
e. The Gramm-Leach-Bliley Act
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A state-chartered bank which is not a member of the Federal Reserve System will
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a. FDIC
b. Office of Comptroller of Currency
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d. Federal Reserve System
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If FDIC tends to charge depository institutions less than the full cost of deposit insurance in its risk-based deposit premium system,
a. the banks will be upset with FDIC.
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If bank managers lobby to maintain America's traditional "dual banking" structure, they:
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c. want the right to fight competition.
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Moral hazard incentives for undesirable manager behavior may have been created by
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Financial institutions are regulated for the following reason(s):
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A "too big to fail" policy encourages small banks to take higher risks.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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A foreign branch office of a U.S. bank is regulated by
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b. the host country bank regulation.
c. the FDIC.
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e. both a and b
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Which of the following is associated with the currency risk of international lending by a U.S. bank?
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c. balanced funds
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Mutual fund managers can keep their cash balances low by all but one of the following:
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