Which of the following is often used to represent profit in the United States, but not in other countries?
A) Green
B) White
C) Blue
D) Yellow
E) Red
Answer: A
Explanation: A) Green is considered assertive, prosperous, envious, and relaxed. It is used as a highlight and accent color (green symbolizes money in the United States but not in other countries).
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All of the following statements about survivorship life are true, except:
A. They are particularly well suited to help families deal with estate tax burdens. B. The face amounts are often for $1,000,000 or more. C. The face amount is payable after the first death. D. As a form of joint life, it covers two individuals on the same policy.
What is the primary disadvantage of an ETF?
A) ETFs tend to have lower management fees than comparable index mutual bonds. B) ETFs usually have no minimum investment amount. C) Investors have to pay a broker commission each time they buy or sell shares. D) None of the above are disadvantages of an ETF.