A. Cover the policyholder's long-term health and disability expenses.
B. Pay money to beneficiaries upon the policyholder's death.
C. Earn interest on the amount of the policy.
O D. Have a maximum term of 40 years.
SUBMIT
The insurance policies of term life and whole life insurance policies only pay money to beneficiaries upon the policyholder's death.
A term life assurance is a life policy for a limited period while the whole life assurance is a life policy for life.
The correct statement is that insurance policies of term life and whole life insurance policies only pay money to beneficiaries upon the policyholder's death.
Therefore, the Option B is correct.
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Answer:
= $3 million
Explanation:
Banks are mandated by banking regulation to keep a percentage of their total deposit and can lend the balance. This is called the required reserve
The amount by which the total deposit exceeds the required reserve is called the excess reserve
The required reserve = Transaction × reserve requirement
= 0.10 × 100
= $ 10 million
Excess reserve = Transaction account balance - required reserve
= 100 - 10 = $90 million
With a decrease in reserve ratio to 0.07,
Excess reserve = 100 - (0.07 ×100)
= $ 93 million
Increase in excess reserve = $ (93 - 90) million
= $3 million
Answer:
Excess reserve will increase by $3 million
Explanation:
In this secanrio the reserve requirement is 0.10 that is 0.10* 100 million= $10 million.
The excess reserve is 100 million- 10 million= $90 million.
When there is a required reserve reduction to 0.07 then the reserve will be 0.07* $100 million= $7 million.
The excess reserve will be $100 million- 7 million= $93 million
Therefore the increase in excess reserve is $93 million- $90 million= $3 million
Answer: Control Systems
Explanation:
Control systems in business are procedures designed to evaluate, monitor, regulate, supervise and ascertain whether organisational strategies, plans and structures are working efficiently and effectively. It also ensure assets and resources are checked and well documented to avoid things going missing.
Answer:
The answer is: Ashley needs to collect information from the budgeted income statement, cash budget and capital expenditure budget.
Explanation:
The budgeted income statement is the forecast of next year's income statement.
The cash budget includes all the company's expected cash inflows and outflows estimating cash receipts and cash payments.
The capital expenditure budget includes all the money the company expects to invest in purchasing new long term assets or improving and maintaining existing long term assets.
A notable method that FNB uses to compete favorably with other banks is its low bank fee and bonus programs.
FNB, also popularly known as First National Bankis one of the top banks in South Africa that drives its market through innovation and a good reward system to keep its customers.
Incentivising customers has proven to be an effective way to engage customers in business.
Learn more aboutFNB here:
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