Foreign currency options are available both over-the-counter and on organized exchanges

Indicate whether the statement is true or false.

Answer: TRUE

Business

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The following types of life insurance have a cash surrender value except:

A) Whole life. B) Straight life. C) Universal life. D) Term life. E) Limited-payment life.

Business

All of the following statements about ordinary life insurance are true EXCEPT

A) Premiums are level throughout the policy period. B) The face amount of the policy is paid if the insured lives to age 65. C) There is a build-up of cash value that can be borrowed by the policyholder. D) It offers the policyholder the flexibility to meet a wide variety of financial objectives.

Business