Michelle has a term insurance policy in which the amount of protection remains constant during the term period. Which kind of term insurance does Michelle have?

A) Level term
B) Increasing term
C) Family term
D) Decreasing term"

Ans: A) Level term

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Title to real property can be acquired by an individual by all of the following methods, except:

A: Patent; B: Prescription; C: Succession; D: Escheat.

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(I) Because interest rates on Treasury bills are more volatile than rates on long-term securities, the return on short-term Treasury securities is usually above that on longer-term Treasury securities

(II) A Treasury STRIP separates the periodic interest payments from the final principal repayment. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.

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