Which statement is true with regard to individual medical expense insurance?
I. The coverage provided is broad in scope.
II. The coverage is usually provided without a deductible.
(a) I only
(b) II only
(c) Both I and II
(d) Neither I nor II
Ans: (a) I only
Business
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If the payee of the instrument is not mentioned on the face of the instrument, it is considered nonnegotiable
Indicate whether the statement is true or false
Business
You can borrow $25,000 at 1% interest for 1 year. The exchange rate for Australia is 1.25AUS/1US. The Australian Treasury is offering 2.5% risk free investments. What is the total profit you can make in 1 year?
A) $625 B) $450 C) $250 D) $375 E) $425
Business