Which of the following falls under the definition of a limited policy?
A) Long-term care insurance
B) Accidental death and dismemberment (AD&D) insurance
C) A flat-benefit disability policy
D) A prescription drug plan
Ans: D) A prescription drug plan
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A seller has no knowledge of any plumbing system problems on the property the seller is selling. In actuality, however, the pipes are seriously corroded and will need to be replaced soon. On the Seller's Disclosure of Property Condition, when responding to whether the seller is aware of plumbing system problems, the seller should enter
A) "Unknown." B) nothing because the seller is not required to respond to this question. C) "No." D) "Yes."
The future value of $200 received today and deposited at 8 percent for three years is ________
A) $248 B) $252 C) $158 D) $200