An impact of the Garn-St. Germain Act of 1982 has been to
A) put savings and loans at a competitive disadvantage.
B) make the banking system more competitive.
C) give money market mutual funds a competitive advantage.
D) do both A and B of the above.
E) do both A and C of the above.
B
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Which of the following fallacies involves focusing on an irrelevant issue to draw attention away from a central issue?
A) Red herring B) False dilemma C) Ad hominem attack D) False analogy E) False cause
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Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500 per month from the insurer, and her life expectancy is 15 years (180 months). What is the exclusion ratio in this case?
A) 33.33 percent B) 40.00 percent C) 50.00 percent D) 66.67 percent
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