All of the following are examples of economic problems except ________
A) declining demand B) information transportation
C) currency devaluation D) interest rate increases
B
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Under a Modified Endowment Contract, what are the likely tax consequences?
A) Interest on policy loans is tax deductible B) Premium payments are tax deductible C) Pre-death distributions will become taxable D) Cash value cannot be surrendered early
Business
Which of the following may be TRUE regarding mutually exclusive capital budgeting projects?
A) There is need for only one project, and both projects can fulfill that current need. B) By using funds for one project, there are not enough funds available for the other project. C) There is a scarce resource that both projects would need. D) All of the above
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