A bond is:
A) The equivalent of a charge on its assets
B) A debt of the corporation
C) An equity interest in the corporation
D) Both A and C
E) All of the above
B
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Which of the following statements regarding direct-writing companies is NOT true?
A) The producer owns the book of business. B) Employees are paid a salary, commission, or both to sell the company's insurance products. C) The insurer owns all of the business that is produced. D) Producers are considered employees."
The foreign exchange market consists literally of a buyer's and a seller's market where currencies are traded for both spot and future delivery on a continuous basis
The forward market is for immediate delivery and the spot market is for future delivery. Indicate whether the statement is true or false