The money people deposit in banks and other financial institutions
a. is lent to businesses to fund capital projects.
b. generally earns interest for the depositors.
c. is an important factor in the economic growth of a country.
d. all of the above
Ans: a. is lent to businesses to fund capital projects.
Business
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Since all life insurance companies are determining rates for the same risk, death, there is little variation in cost among similar life insurance contracts.
a. true b. false
Business
Arbitration clauses in contracts involving international business transactions should include all but which of the following?
A) what law will govern the arbitration B) where and when the arbitration will take place C) how the expenses of arbitration will be shared D) whether a judge or jury will render a verdict in the arbitration
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