For a whole life policy, the policy holder pays
A) premiums based on current interest rates.
B) a constant premium.
C) premiums that vary with mortality risk.
D) constantly declining premiums.
B
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In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, a decline in the reserve requirement ________ the demand of reserves, ________ the federal funds rate, everything else
held constant. A) decreases; lowering B) increases; lowering C) increases; raising D) decreases; raising
All of the following would cause the production possibilities curve to shift outward EXCEPT
A. an increase in the level of capital stock. B. a decline in the unemployment rate. C. an increase in the amount of labor available. D. an improvement in technology.