All money should perform the following functions EXCEPT:
a. guarantee of validity
b. medium of exchange
c. standard of value
d. store of value
Ans: a. guarantee of validity
Business
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Lynn owns a life policy that guarantees the right to renew the policy each year, regardless of health, but at an increased premium. What kind of policy is this?
A) Universal life B) Renewable whole C) Renewable term D) Endowment
Business
Define control class
What will be an ideal response?
Business