Rochelle is preparing to do her taxes. To determine what percentage of her individual annuity income was taxable and not taxable, Rochelle divided her investment in the annuity by the total of the expected payments that she will receive through the annuity. This quotient is called the

(a) percentage participation
(b) break-even point
(c) coinsurance percentage
(d) exclusion ratio

Ans: (d) exclusion ratio

Business

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Perfection of a security interest permits the secured party to protect its interest by

A. Avoiding the need to file a financing statement. B. Preventing another creditor from obtaining a security interest in the same collateral. C. Establishing priority over the claims of most subsequent secured creditors. D. Denying the debtor the right to possess the collateral.

Business

The boilerplate of a press release indicates that the news should not be reported or published prior to a specific date

Indicate whether the statement is true or false

Business