How are premiums paid by the insured for personally owned disability income insurance treated for tax purposes?
A) partially tax deductible
B) not tax deductible
C) fully tax deductible
D) tax deferred
Ans: B) not tax deductible
Business
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An advantage FIs have over individual household investors is that they are able to diversify away credit risk by holding a large portfolio of loans to different entities. This reduces
A. firm-specific credit risk. B. systematic credit risk. C. interest rate risk. D. market risk. E. political risk.
Business
The steeper an OC curve, the better it discriminates between good and bad lots
Indicate whether the statement is true or false
Business