The automatic premium loan provision in life insurance:
A) pays the face amount of a life insurance policy to a terminally ill insured
B) pays premiums due out of the policy's cash value if the policy owner forgets to pay
C) provides spendable cash to a terminally ill insured out of the cash value
D) provides disability income payments as a loan from the cash value
B
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A firm with fixed-rate debt that expects interest rates to fall may engage in a swap agreement to:
A) pay fixed-rate interest and receive floating rate interest. B) pay floating rate and receive fixed rate. C) pay fixed rate and receive fixed rate. D) pay floating rate and receive floating rate.
A common "me-too" pricing policy by which the small business owner establishes his/her prices by monitoring competitor's prices and then matching them is called:
A) follow-the-leader pricing. B) below-market pricing. C) price lining. D) variable pricing.