An economic system is a method used by society to allocate goods and services among its people

Indicate whether the statement is true or false

TRUE

Business

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When a cash value life insurance policy is converted into an annuity in a nontaxable transaction, the event is generally known as

A) a 1035 exchange B) a modified endowment C) a rollover D) a pension enhancement

Business

When a television advertisement makes a special offer on a piece of luggage, encouraging viewers to call a toll-free number to take advantage of the special, the ad is designed to meet the goal of:

A) building brand image B) informing C) persuading D) encouraging action

Business