The fees charged by financial institutions for annuities may include all of the following except

A) management fees.
B) surrender charges.
C) insurance fees or commissions.
D) no-load annuity fees.

Answer: D

Business

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Exporting, licensing, franchising, joint ventures and wholly owned subsidiaries are all methods of:

A. Extracting consumers on a global scale B. Operating transnationally C. Entering overseas markets D. Optimizing global profit E. None of the above

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In a vouchers payable system, the voucher register reflects the firm's paid liabilities.

a. True b. False

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