The type of multiple protection coverage that pays on the death of the last person is called a(n)
A) joint life policy
B) survivorship life policy
C) annuity joint policy
D) dual life policy
Answer: B) survivorship life policy
Business
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The likely consequence of a binding minimum wage in a competitive labour market is:
a) excess demand for workers. b) a labour shortage. c) unemployment. d) a lower wage for all individuals. e) a higher wage for all individuals.
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A broker has an exclusive listing agreement with a property owner. The listing will termi- nate "when the parties agree." This practice is
a) acceptable b) mandated c) discouraged d) prohibited
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