In traditional societies, women tend to enjoy a high degree of economic independence

Which of the following statements about the Linton yield is (are) true?

I. It is based on the assumption that a cash-value policy can be viewed as a combination of insurance protection and a savings fund. II. It is the average compound annual rate of return required to make the savings deposits in a life insurance policy equal to the policy's guaranteed cash value at the end of a specified period. A) I only B) II only C) both I and II D) neither I nor II

JKL Company just converted its traditional defined-benefit plan to another type of plan

Under the plan, benefits are defined in terms of a hypothetical account balance, with retirement benefits dependent upon the value of the participant's account at retirement. Each year, employees receive an interest rate credit and a pay credit which is a specified percentage of compensation. This type of plan is called a A) section 401(k) plan. B) deposit-administration plan. C) cash-balance plan. D) trust fund plan.