c. perfect competition
Term insurance is the least expensive type of life insurance because it only covers a specific period of time, unlike whole-life, endowment, or limited-payment life insurance which cover the insured's whole life.
The least expensive type of life insurance is generally term insurance. This kind of insurance is less expensive than whole-life, endowment, or limited-payment life insurance because it covers a specific term, or period of time, rather than the insured's entire lifetime. Term insurance pays out only if the insured dies during the term of the policy. For example, if a person buys a term insurance policy for 20 years and dies within that time, the policy will pay out. If they live beyond the 20 years, the policy ends and no payout is made.
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b. planned
c. mixed
d. traditional
Answer:
A. $42.67
Explanation:
1. "Markup" is defined as the amount by which the selling price of an item is increased above its cost to the retailer. (Source: BusinessDictionary.com)
2. The formula for calculating markup is: markup = (selling price - cost) / cost. (Source: Investopedia)
3. To find the cost of an item to the retailer, we can use the formula: cost = selling price / (1 + markup). (Source: Khan Academy)
Now, let's work through the problem using these formulas:
1. First, we know that the original price of the hand-held music player was $66.00.
2. Next, we know that the item was marked up by 1/2 before it was placed on the sales floor. This means that the markup is 1/2, or 50%.
3. To find the cost of the item to the retailer, we can use the formula: cost = selling price / (1 + markup). In this case, the selling price is $66.00, and the markup is 50%, so:
cost = $66.00 / (1 + 0.5)
= $66.00 / 1.5
= $42.67
Answer:
Explanation:
Banks _control____ the money supply because they __withdraw___ currency from circulation and place it in their vaults or deposit it at the Federal Reserve.
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Learn more about Stop-loss insurance here: