The fundamental purpose of a life annuity is to provide an income that cannot be outlived.

Which of the following was a reason that led to the collapse of the gold standard in 1939?

A. Difficulty and complexity in using the gold standard to determine the exchange rate B. Agreement by governments to convert paper currency into gold on demand at a fixed rate C. A cycle of competitive currency devaluations by various countries D. Expansion in the volume of international trade in the wake of the Industrial Revolution E. The inability of the gold standard to act as a mechanism for achieving balance-of-trade equilibrium by all countries

The Sarbanes-Oxley Act of 2002 was passed in response to ________

A) insider trading activities B) false disclosures in financial reporting C) the decline in technology stocks D) the agency issue