For which of the following types of policies would premiums be invested in an insurer's separate account?

A) Whole life policies
B) Fixed annuities
C) Endowments
D) Variable annuities

Ans: D) Variable annuities

Business

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A compensating balance refers to:

Select one: A. The minimum balance established for a petty cash fund B. A minimum balance that a financial institution requires a firm to maintain in its account as part of a borrowing arrangement C. The final cash balance achieved in a bank reconciliation D. The amount of cash invested temporarily in highly marketable securities

Business

"For Sale" signs must be moved from the property no later than:

A. The day of the expiration of the listing. B. Ten days after the expiration of the listing. C. Thirty days after the expiration of the listing. D. A reasonable time after the expiration of the listing.

Business