1. The one named in the policy to receive the insurance proceeds in case of the death of the one taking out the policy is the:
Insured
Insurer
Beneficiary
Both insured and beneficiary
None of these
2. Determine the payment to amortize the debt. (Round your answer to the nearest cent.)
Quarterly payments on $19,500 at 3.6% for 6 years.
3. The Federal reserve's margin requirements apply to:
a. stocks listed on the exchanges and bonds convertible into those stocks
b. corporate, municipal, and U.S. government and agency bonds
c. those over-the-counter securities designated by the federal reserve
d. "a" and "c" are correct
e. all of the above are correct